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7891 Whitaker St - 63 Unit Multi-Family/Hotel/Commercial Land 1.06 Acres of Commercial Land Offered at $6,100,000 in Buena Park, CA 90621
Investment Highlights
- 10 Year Ownership - Potential Tax Credits Single Story Construction
- Large 1.06 Acre Corner Lot - Zoning Allows for 63 Units (60 Per Acre) and Potential Bonus Density for Affordability
- Corner Lot Location - Directly across the Street from Nissan, Toyota, and 1 Block away from Honda dealerships on Auto Center Drive Large 1.06 Acre Lot
- Potential for Multi Family/Transitional/Commercial Development and Hotel by CUP
Executive Summary
The property has a corner lot location on both Whitaker Street and Auto Center Drive, which is home to Buena Park Automobile Dealerships. Whitaker Street ends on a cul-de-sac that fronts Auto Center Drive. Whitaker Street and the surrounding area north of the property are clean, residential areas, primarily single-family homes and a few multi-family apartments.
Immediately across the street from the property, at Auto Center, are Buena Park Nissan, Toyota, and Honda (just to the west on Beach Blvd).
Property Facts
1 Lot Available
Lot
| Price | $6,100,000 | Lot Size | 1.06 AC |
| Price Per AC | $5,754,716.98 |
| Price | $6,100,000 |
| Price Per AC | $5,754,716.98 |
| Lot Size | 1.06 AC |
The Coral Hotel property is currently offered for sale as a redevelopment opportunity. Situated on a 1.06 corner lot, the City of Buena Park has indicated that the current zoning allows for the development of the following: Multi-Family/Hotel (CUP).
Description
Located just to the North of the Golden State Freeway (5), the property is between Stanton Blvd to the East and Beach Blvd to the West, with immediate freeway access on Beach Blvd. The property has a corner lot location on both Whitaker Street and Auto Center Drive, which is home to Buena Park Automobile Dealerships. Whitaker Street ends on a cul-de-sac that fronts Auto Center Drive. Whitaker Street and the surrounding area north of the property are a clean residential area, primarily single-family homes and a few multi-family apartments. Immediately across the street from the property, at Auto Center, are Buena Park Nissan, Toyota, and Honda (just to the west on Beach Blvd).
Property Taxes
| Parcel Number | 277-052-27 | Improvements Assessment | $622,472 |
| Land Assessment | $1,045,152 | Total Assessment | $1,667,624 |
Property Taxes
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7891 Whitaker St - 63 Unit Multi-Family/Hotel/Commercial Land
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