Share This Listing

Message

927 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

10 Unit 'For Sale' Development 6929-6933 Pine Ave 4 Unit Apartment Building $1,214,450 CAD ($303,613 CAD/Unit) Bell, CA 90201

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Part 2 of Potential 23 Unit Development (See 6502 Flora - Under Contract)
  • City Desires 'For Sale' Development with 1 to 2 Parking Spaces
  • Can be Purchased with Adjacent 5 - Unit Apartment Building with 2BR/2BA Units and Garages
  • 11 Potential Units on Site
  • Low Density Street with SFR and Low Density Apartments

EXECUTIVE SUMMARY

After pausing Marketing, the Property is offered for Sale as a 10-unit FOR SALE DEVELOPMENT opportunity. The Property comprises approximately 14,000 square feet of land. It consists of 4 wood-frame buildings that must be torn down for development.
The current Zoning is R3. According to the City Planning Department, the zoning allows for 30 units per acre, with a density bonus for affordable housing.
The Property has a total of approximately 12,360 buildable square feet due to a PENDING EASEMENT/PARCEL SPLIT that currently serves as a Driveway, allowing access to an Apartment Building located to the rear of the property at 6633 1/4th Pine, and is also available for sale.
THE PROPERTY CAN BE PURCHASED WITH THE ADJACENT APARTMENT BUILDING AT 6633 1/4 - 6633 3/4 PINE AVENUE.

PROPERTY FACTS

Price $1,214,450 CAD
Price Per Unit $303,613 CAD
Sale Type Investment
Sale Conditions
Build to Suit
  • Deferred Maintenance
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Lot Size 0.32 AC
Building Size 4,781 SF
No. Stories 1
Year Built 1921
Zoning BLR3YY - Zoning allows for 30 Units per Acre. With the Affordable Housing Bonus, the potential units on this site are 10 Units.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 - -
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 30793282

  • Date on Market: 2024-01-26

  • Last Updated:

  • Address: 6929-6933 Pine Ave, Bell, CA 90201

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}