LAND VALUE. This house BEING SOLD TOGETHER with adjacent house at 137 SAINT FRANCIS STREET, APN # 5367-013-013. This SFR at 223 E. Live Oak St is a 2+2 and measures 1,422 SF per Assessor. It is one of two adjacent SFRs being sold together for LAND VALUE that are ZONED R-3 Density; build up to 9 Units. These have excellent potential as a future development project with the two lots combined equaling 16,386 SF (per Assessor) of land. No preliminary drawing, plans or permits in place, Buyer to verify development suitability. Per the City of San Gabriel Development Regulations for R-3 Zone states Density: 1 Unit for each 1,742 sq. ft. of net lot area. Both houses are currently rented. Tenants pay $1300 for this house. PLEASE DO NOT DISTURB OR GO ONTO PROPERTY. THEY DO NOT KNOW OF SALE. Properties SOLD AS-IS.
Combined price for both properties, $1,650,000. Houses are currently rented on Month to Month tenancy. Currently, Live Oak house rents for $1,300 & St. Francis house rents for $1,400. Buyer to perform all investigations of zoning and development standards. Properties SOLD AS-IS.
Showing Upon Accepted Offer.
