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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The income description goes here to explain
|Property Type||Single Family Homes|
|Number of Stories||Unknown|
|Last Sold||September 14, 2017|
|Date Updated||May 19, 2018|
|Date Created||August 02, 2017|
Jonathan Barr an agent of NELA Homes. Lic #01435729
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2724 Abbot Kinney Blvd #202
Venice, CA 90291
California DRE # 01956587