Potential 23 Unit FOR SALE Development 2 Multifamily Properties Offered at $2,041,800 in Bell, CA
INVESTMENT HIGHLIGHTS
- City Wants the Redevelopment of the Properties
- Potential for 23 Units plus Affordable Density Bonus
- Well Maintained Street Locations
- Priced at $62 Per Foot Land Value
- Both Properties are Located 1 Block from Eachother and 1 Block North of Bell High School and 1 Block South of Gage Ave.
EXECUTIVE SUMMARY
Sperry Global Affiliates is proud to announce the Exclusive Listing of a Potential 23-unit FOR SALE Development Opportunity. Comprised of 2 existing Apartment Buildings, the Seller prefers that the Existing Units be torn down and Redeveloped as a FOR SALE Housing Development. The Properties are located 1 block from each other and can be purchased separately or as a Portfolio and are as follows:
Property 1 - 6502 Flora, Bell, CA
Price: $1,171,800
Price Per Foot - Land: $62
Existing 6-Unit Apartment Building with Significant Deferred Maintenance
2 Units are Occupied
18,950 Square Foot Lot
R3 Zoning
Per the City of Bell, 30 Units per Acre or 13 Units per Zoning plus Affordable Housing Density Bonus - 15 Units
6629 - 6633 Pine Ave., Bell, CA
Price: $870,000
Price Per Foot - Land - $62
Existing 4 Units with 4 Buildings. The Property has much deferred maintenance.
14,000 Square Foot Lot
R3 Zoning
Potential 11 Units with Density Bonus
The Total Number is potentially 23 Units of New FOR SALE Development
Please note that all Property Showings are to be Coordinated through the Listing Agent Luis Vazquez at 310-704-9109. The existing tenants are not to be disturbed. THE SELLER IS ALSO NOT TO BE CONTACTED. THE PROPERTIES ARE EXCLUSIVELY LISTED FOR SALE.
Property 1 - 6502 Flora, Bell, CA
Price: $1,171,800
Price Per Foot - Land: $62
Existing 6-Unit Apartment Building with Significant Deferred Maintenance
2 Units are Occupied
18,950 Square Foot Lot
R3 Zoning
Per the City of Bell, 30 Units per Acre or 13 Units per Zoning plus Affordable Housing Density Bonus - 15 Units
6629 - 6633 Pine Ave., Bell, CA
Price: $870,000
Price Per Foot - Land - $62
Existing 4 Units with 4 Buildings. The Property has much deferred maintenance.
14,000 Square Foot Lot
R3 Zoning
Potential 11 Units with Density Bonus
The Total Number is potentially 23 Units of New FOR SALE Development
Please note that all Property Showings are to be Coordinated through the Listing Agent Luis Vazquez at 310-704-9109. The existing tenants are not to be disturbed. THE SELLER IS ALSO NOT TO BE CONTACTED. THE PROPERTIES ARE EXCLUSIVELY LISTED FOR SALE.
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 6502-6506 Flora Ave, Bell, CA 90201 | Multifamily | 6,923 SF | 1921 | $1,171,800 |
| 6633 Pine Ave, Bell, CA 90201 | Multifamily | 4,781 SF | 1921 | $870,000 |
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