Development Opportunity in Whittier CA, 12 Miles East of Los Angeles, with Potential Rental Income of $19,000!!! Lot with Approved Ready To Issue (RTI) Plans to Build a Four Unit Apartment Complex in Uptown Whittier. Prime Rental Location, All Flat Land, Just a couple of blocks from Uptown Whittier, Whittier College and the Newly Developed The Groves Project. Lot Measures 14,000 SF. Approved to Build Four Large Townhome Style Apartments with a Total 5,881 SF of Living Space and 5 Detached Two Car Garages. Per City Planner, City MAY ALLOW the Development of Two Additional ADU Units on this Property (ADU's will not affect the parking for the garages, see proposed site plan on pictures for ADU locations), If ADU's are Built, that would still make this property a 4-Unit Residential Apartment Complex with 2-ADU Units, for a total of 6 Rental Units. Property would still be considered under a "Four-Unit Residential" making it Favorable for Loan Financing Purposes. $19,000 in Potential Gross Rents if Developer decides to Build Both ADU Units, (see attached pictures for rent amounts and rent comparable units) Great Potential for a Development and Re-Sale or Add to a Rental Property Portfolio. Fire Hydrant is Currently in Process of Installation and will be Fully Installed on Sidewalk Prior to Close of Escrow at Seller's Expense. This property is ready for Immediate Development, no need to wait, Just pay your Permit Fees and Start Construction Right Away. All information is deemed reliable but not guaranteed, buyer and buyers agent to verify all information with all City Development officials.
