Flat lot with approved Plans permit ready for a well designed 13 unit Apartment Development. Its a great location close to everything and steps away from South Pasadena and Alhambra. This is a great opportunity for a developer to build and hold. These are good size units that will command high rents. Once its built and leased up, greats cap rates can be achieved in a ever improving neighborhood. The proposed building is 3 stories with the first story being a at grade parking garage and 1st and 2nd floor the units.There is 3575 sqft. of outdoor space. It has an ideal unit count being 11-2bed/2bath, 1- 3/bed 2bath and 1 studio. The square footages range from 782-1145 sq ft. Building area is 12,204 sqft. There are 25 parking spaces provided in the garage. One unit must be affordable.
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List Price | $1,400,000 |
Property Type | Single Family Homes |
Usable Sqft | Unknown |
Number of Stories | Unknown |
Parking Spots | 0 |
Year Built | Unknown |
Last Sold | September 14, 2017 |
Sold Price | 1,265,000 |
APN # | Unknown |
MLS # | 817001123 |
Property ID | 1450672 |
Lot Sqft | 13,650 |
Zoning | LARD1.5 |
Date Updated | May 19, 2018 |
Date Created | August 02, 2017 |
Jonathan Barr an agent of NELA Homes. Lic #01435729
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© 2021 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 7, 2018 4:38 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2724 Abbot Kinney Blvd #202
Venice, CA 90291
California DRE # 01956587
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