Potential 10 Unit 'For Sale Development'

Highlights:

• - Zoned R3 for potential 10-unit townhome or condominium development
• - Possibility of greater density for affordable housing
• - Seller is pro-development
• - Desirable location in the South East Los Angeles area
• - Situated in a low-density area amongst Single Family Homes and smaller Apartment Buildings
• - Seller will work with Buyer to achieve a 'For Sale' development
• -

Description:

Offered for Sale as a 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. Per 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 footage due to a pending Easement/Parcel 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.




Situated just to the North of Bell High School, the Property rests in a low-density clean residential neighborhood comprised of low-density single-family and multi-family living units and is just South of Gage Avenue.

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