9334 Alondra Blvd - .93 Acre Housing Overlay Site 0.93 Acres of Commercial Land Offered at $3,140,820 CAD in Bellflower, CA 90706

Marcus & Millichap is pleased to offer for sale the ±0.93-acre site located at 9334 Alondra Blvd in the city of Bellflower, CA. The subject property is currently improved with a single-story 8,480 SF building that is operating as a thrift store, this building will be delivered vacant at the close of escrow. The property is located on busy Alondra Blvd, just to the west of Clark Avenue in central Bellflower. The site is level and fully paved, rectangular in shape with all utilities on-site, and the site benefits from 150’ of frontage along Alondra Blvd.
Importantly, this site is also located in the City of Bellflower’s Opportunity Area 2 in the Housing Element of the General Plan - the property is specifically designated as Opportunity Site 2.2. Opportunity Area 2 is currently developed with retail and service uses in single-story stand-alone buildings with large surface parking areas tucked behind. None of the parcels have seen any significant improvements over the years, making them prime for redevelopment. Area 2 is surrounded by single family residential to the south, multi-family residential to the north, and a mix of commercial and retail uses to the east and west.
The Area is also zoned General Commercial which does not currently allow housing as a permitted use. To facilitate the development of housing at a variety of income levels, all parcels in Opportunity Area 2 would be redesignated Mixed Use in the General Plan. To rezone the parcels, a housing overlay will be applied to permit residential development at densities of up to 30 dwelling units per acre. The overlay zone provides flexibility in that future developers can either propose projects in accordance with the underlying zone or the overlay classification.
This site has primary access on the north side along Alondra Boulevard with a secondary access on the south side from Alpha Avenue. Because this site is greater than 0.5 acres and less than 10 acres in size, it is assumed that it could accommodate moderate, or above moderate-income residential development. According to the city, given the residential location of the site, proximity to the Downtown area, transit accessibility, and high potential for increased development, this site is likely to be developed with housing during the 2021-2029 planning period.