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10 Unit 'For Sale' Development 6929-6933 Pine Ave 4 Unit Apartment Building $870,000 ($217,500/Unit) Bell, CA 90201
Investment Highlights
- Part 2 of Potential 23 Unit Development (See 6502 Flora - Under Contract)
- City Desires 'For Sale' Development with 1 to 2 Parking Spaces
- Can be Purchased with Adjacent 5 - Unit Apartment Building with 2BR/2BA Units and Garages
- 11 Potential Units on Site
- Low Density Street with SFR and Low Density Apartments
Executive Summary
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.
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.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6325-017-903 | Improvements Assessment | $0 |
| Land Assessment | $58,820 | Total Assessment | $58,820 |
Property Taxes
Parcel Number
6325-017-903
Land Assessment
$58,820
Improvements Assessment
$0
Total Assessment
$58,820
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Contact the Sale Advisor
10 Unit 'For Sale' Development | 6929-6933 Pine Ave