Sperry Global Affiliates is proud to announce the Exclusive Listing of a combined Potential 23 Unit Multi-Family Development Opportunity.
6502 - 6506 Flora is Part 1 of the Potential Development Opportunity. The Seller prefers that the Existing Units be torn down and Redeveloped as a 'For Sale ' Housing Development. The Two Properties are located 1 block from each other and can be purchased separately or as a Portfolio and are as follows:
Property 1 - 6502 Flora, Bell, CA
Price: $1,171,800
Price Per Foot - Land: $62
Existing 6-Unit Apartment Building with Significant Deferred Maintenance
2 Units are Occupied
18,950 Square Foot Lot
R3 Zoning
Per the City of Bell, 30 Units per Acre or 13 Units per Zoning plus Affordable Housing Density Bonus - Potential 15 Units
Part 2 is 6629 - 6633 Pine Ave., Bell, CA
Price: $870,000
Price Per Foot - Land - $62
Existing 4 Units with 4 Buildings.
14,000 Square Foot Lot
R3 Zoning
Potential 10 Units plus Density Bonus
Please note that all Property Showings are to be Coordinated through the Listing Agent Luis Vazquez at 310-704-9109. The existing tenants are not to be disturbed. THE SELLER IS ALSO NOT TO BE CONTACTED. THE PROPERTIES ARE EXCLUSIVELY LISTED FOR SALE.