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- LoopNet Team
8461 Talbert Ave
Huntington Beach, CA 92646
Land For Sale
·
2.40 AC
INVESTMENT HIGHLIGHTS
- Prime Multifamily Re-Development 2.4± Acre Land opportunity in Huntington Beach
- RM Zoning may be available with up to 15 Units per Acre
- First time on the market in 104 Years!
- Currently Zoned RL for up to 7 units per acre by right!
- Add Affordable Density Bonus to get even more units (check with City and State guidelines)
PROPERTY FACTS
DESCRIPTION
Currently Zoned RL 2-4 Units per acre with up to 7 Units per acre by right. With Density Bonus you may be looking at 17-19 Units without a General plan amendment (Check with the City of Huntington Beach Planning Department for your intended use) Check with City for Residential Medium (RM) 15 Units per Acre Density Guidelines Phase One Report done May 24, 2019 A.L.T.A / NSPS Land Title Survey done in June 26, 2019, Rev 6.10.2020 3 SFR Homes there now, all tenants are Month to Month leases $1,700 Month in-place rent way below market now/ $14,474.35± month, Pro-Forma rents HB Recently SOLD comps for un-entitled multifamily land $71.93- $73.25 SF $6,500,000 Sale Price 60 day Due Diligence with 30 Day close Buyer to verify zoning and uses allowed, listing broker makes no representations or warranties regarding the suitability or zoning for your intended use of the land. DO NOT DISTURB OCCUPANTS, SHOWN BY APPOINTMENT ONLY
