Part 1 of Potential 23 Unit Development | 6502-6506 Flora Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
Your email has been sent.
Part 1 of Potential 23 Unit Development 6502-6506 Flora Ave 6 Unit Apartment Building $1,171,800 ($195,300/Unit) Bell, CA 90201
INVESTMENT HIGHLIGHTS
- Part 1 of 2 Part potential 23 Unit Development Per Zoning plus Potential Density Bonus
- Pro Development City wants to see the Property Developed
- Zoning will allow 30 Units per Acre pluse Affordable Housing Density Bonus - Potential 13 Units plus Density Bonus for Subject Property
- Property has Rented Units for Income during Development
EXECUTIVE SUMMARY
Sperry Global Affiliates is proud to announce the Exclusive Listing of a combined Potential 23 Unit Multi-Family Development Opportunity.
6502 - 6506 Flora is Part 1 of the Potential Development Opportunity. The Seller prefers that the Existing Units be torn down and Redeveloped as a 'For Sale ' Housing Development. The Two 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 - Potential 15 Units
Part 2 is 6629 - 6633 Pine Ave., Bell, CA
Price: $870,000
Price Per Foot - Land - $62
Existing 4 Units with 4 Buildings.
14,000 Square Foot Lot
R3 Zoning
Potential 10 Units plus Density Bonus
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.
6502 - 6506 Flora is Part 1 of the Potential Development Opportunity. The Seller prefers that the Existing Units be torn down and Redeveloped as a 'For Sale ' Housing Development. The Two 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 - Potential 15 Units
Part 2 is 6629 - 6633 Pine Ave., Bell, CA
Price: $870,000
Price Per Foot - Land - $62
Existing 4 Units with 4 Buildings.
14,000 Square Foot Lot
R3 Zoning
Potential 10 Units plus Density Bonus
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 Under Contract
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 of 1
Walk Score®
Walker's Paradise (91)
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Part 1 of Potential 23 Unit Development | 6502-6506 Flora Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.