6502-6506 Flora Ave - Apartments FOR SALE


Bell, CA 90201- Cudahy
$1,171,800 USD
310-704-9109
6502-6506 Flora Ave, Bell, CA for Sale
$1,171,800 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

6502-6506 Flora Ave
Bell, CA 90201
Cudahy


HIGHLIGHTS

  • Part 1 of 2 Part potential 23 Unit Development Per Zoning plus Potential Density Bonus
  • Zoning will allow 30 Units per Acre pluse Affordable Housing Density Bonus - Potential 13 Units plus Density Bonus for Subject Property
  • Pro Development City wants to see the Property Developed
  • Property has Rented Units for Income during Development

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,171,800 USD

PRICE/SF

$169 USD /SF

# OF UNITS

6

PRICE/UNIT

$195,300

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Part 1 of Potential 23 Unit Development

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,901 SF

ZONING

BLR3YY

APN/PARCEL ID

6325-015-900

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.