6929-6933 Pine Ave - Apartments FOR SALE


Bell, CA 90201- Cudahy
$870,000 USD
310-704-9109
6929-6933 Pine Ave, Bell, CA for Sale
$870,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

6929-6933 Pine Ave
Bell, CA 90201
Cudahy


HIGHLIGHTS

  • Part 2 of Potential 23 Unit Development (See 6502 Flora - Under Contract)
  • 11 Potential Units on Site
  • City Desires 'For Sale' Development with 1 to 2 Parking Spaces
  • Low Density Street with SFR and Low Density Apartments
  • Can be Purchased with Adjacent 5 - Unit Apartment Building with 2BR/2BA Units and Garages

OVERVIEW

After pausing Marketing, the Property is offered for Sale as a 10-unit FOR SALE DEVELOPMENT opportunity. The Property comprises approximately 14,000 square feet of land. It consists of 4 wood-frame buildings that must be torn down for development. The current Zoning is R3. According to the City Planning Department, the zoning allows for 30 units per acre, with a density bonus for affordable housing. The Property has a total of approximately 12,360 buildable square feet due to a PENDING EASEMENT/PARCEL SPLIT that currently serves as a Driveway, allowing access to an Apartment Building located to the rear of the property at 6633 1/4th Pine, and is also available for sale. THE PROPERTY CAN BE PURCHASED WITH THE ADJACENT APARTMENT BUILDING AT 6633 1/4 - 6633 3/4 PINE AVENUE.

FOR SALE DETAILS

PRICE

$870,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

4

PRICE/UNIT

$217,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Unit 'For Sale' Development

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

BLR3YY

APN/PARCEL ID

6325-017-902,6325-017-903

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.