Overview

Description

The Property is offered for Sale by the Bell Housing Authority and is Situated on an approximate 20,317-square-foot-foot Foot Lot, the Property is an existing 6-unit Apartment Building in Need of a Tear Down and Redevelopment.
The City of Bell has advised that the Density for Development is 30 Units per Acre plus State of CA Affordable Housing Density Bonuses.
The Allowed Density will Allow for an Approximate 14-unit Development plus an Affordable Housing Density Bonus (Approximately 15%) Please see the Offering Memorandum.
The Property is offered for Sale along with the nearby 6502 Flora, which is Approximately 18,900 Square Feet and a potential 13-unit Development plus Affordable Housing Density Bonus.

Please note that all Property inquiries are to be through the Listing Agent - Luis Vazquez at 310-704-9109.

The Property is sold 'as-is'.

The City of Bell is located approximately 10 miles southeast of Downtown Los Angeles. Bordered by the cities of Maywood, Vernon, Huntington Park, and Cudahy, the Location is both high density and high demand for affordable Rental Housing. Access to the Property is by Gage Avenue.
The Subject Property is located on a quiet, well-maintained residential street with primarily single-family residences. Bell High School is located just South of the Property.
6502 Flora located one block West of the Property is also available for Sale as a Redevelopment Opportunity

Highlights

• City Wants the Redevelopment of the Property(ies).
• Potential Total 27- Unit Development Plus Affordable Housing Density Bonus
• High Demand Rental Area
• High Demand for Permanent Affordable Housing

Documents

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