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Avalon 2 Properties in Carson, CA
INVESTMENT HIGHLIGHTS
- Conveniently located near major entertainment, retail, restaurants and employment.
- Development benefits from a strong local economy generating jobs and a need for housing.
- Close proximity to the I-405 and I-110 allows easy access to greater Los Angeles.
- Nearby major employers including Tesoro, California State University, Pacific Bell, and Xerox Education Services.
EXECUTIVE SUMMARY
Avalon is an opportunity to develop an urban master planned community at the intersection of Avalon Blvd. and 213th Street in the City of Carson. Subject property is currently leased short term to automobile sales and service tenants.
The Carson Vision Plan identifies this site as an opportunity to develop a mix of high-density residential and commercial uses with up to 1,201 residential units and up to 6,272 SF of commercial. Based on the recently approved Carson 2040 General Plan update and recent discussions with city officials, the ultimate land plan will likely include a mix of for sale housing and apartments.
Under one purchase scenario, Site A (14.1 acres) can be purchased now and entitled in accordance with the Carson Vision Plan yielding up to 847 units. Based on current market feedback, the highest and best use for Site A is for-sale housing at approximately 25 DU/acre.
Under another purchase scenario, Site A and Site B (5.9 acres) can be purchased together (for a total of 20.0 acres) and entitled for up to 1,201 units. The highest and best use for the four acres on the northwest corner of Site B will likely be high density apartments. The owner will consider giving a buyer time to secure entitlements for Site B when purchased with Site A.
The Carson Vision Plan identifies this site as an opportunity to develop a mix of high-density residential and commercial uses with up to 1,201 residential units and up to 6,272 SF of commercial. Based on the recently approved Carson 2040 General Plan update and recent discussions with city officials, the ultimate land plan will likely include a mix of for sale housing and apartments.
Under one purchase scenario, Site A (14.1 acres) can be purchased now and entitled in accordance with the Carson Vision Plan yielding up to 847 units. Based on current market feedback, the highest and best use for Site A is for-sale housing at approximately 25 DU/acre.
Under another purchase scenario, Site A and Site B (5.9 acres) can be purchased together (for a total of 20.0 acres) and entitled for up to 1,201 units. The highest and best use for the four acres on the northwest corner of Site B will likely be high density apartments. The owner will consider giving a buyer time to secure entitlements for Site B when purchased with Site A.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Escrow | Total Building Size | 1,021,781 SF |
| Number of Properties | 2 | Total Land Area | 10.70 AC |
| Sale Type | Investment |
| Status | Escrow |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,021,781 SF |
| Total Land Area | 10.70 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Phase I Multifamily
21126-21212 Avalon Blvd, Carson, CA 90745 |
Multifamily | 1,000,000 SF | 2027 | - |
| 21243 S Avalon Blvd, Carson, CA 90745 | Retail | 21,781 SF | 1998 | - |
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