Lot 18 California Ave - Commercial LAND FOR SALE


Signal Hill, CA 90755 2,701 SF
$350,000 USD
562-253-4860
Lot 18 California Ave, Signal Hill, CA for Sale
$350,000 USD
Commercial LAND - FOR SALE
1/6
2,701 SF

Lot 18 California Ave
Signal Hill, CA 90755


HIGHLIGHTS

  • Huge Upside! 6 Unit opportunity, 15% low-income component.
  • Bluff location, near transportation corridors.
  • Entitled by State of California. Close to utilities.

OVERVIEW

Huge Upside! This is a small, buildable lot, in the city of Signal Hill, with 6 units buildable and designed. Seller is an award winning Architecture Design - Build firm and will include initial schematic plans within the price. Full entitlement and/or design services can be added as part of the sale at additional cost. Please see Offering Memorandum for more details and images. Up to 6 condo units can be built on this site, with some development required. AB2011 low-income component applies, meaning 15% of units have to be affordable for residents with incomes of 80% or Area Median Income or less (may vary, depending on legislation specifics, and occupancy). Site is within a half a mile of a major transportation stop, affecting parking requirements in the developer's favor. Utilities are available from California Avenue. Design is centered around prefabricated, modular component construction allowing each of the units to be factory made and stacked in place. Phase 1 and if required Phase 2 soil assessments would be a buyer responsibility. No active or previous oil wells are on-site(s). A date stamped SB 330 filing has already been made on these sites for residential development. Willow Spring Park is directly across the street, and is currently in development. See Offering Memorandum for additional information, links, photos, and mock ups.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/ACRE

$5,646,711/AC

PRICE/SF

$130 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Lot 18

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units - Condo

LAND ACRES

0.06 AC

LAND SF

2,700 SF

OFFSITE IMPROVEMENTS

-

ZONING

SHCO*

APN/PARCEL ID

0720-702-118

ASK ABOUT THIS PROPERTY

Greg ErnstGML Homes, IncMore Info
562-253-4860

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Greg ErnstGML Homes, IncMore Info
562-253-4860

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