6629 Pine Ave, Bell, CA 90201

4 Unit Apartment Building Offered at $870,000 in Bell, CA 90201

Asking Price $870,000

Sale Condition: Build to Suit
Property Type: Multifamily
Square Feet: 4,781 SF

Listing Contacts

Property Info

Property Overview

Part 2 of a Potential 24 Multi-Family Development, 6629 - 6633 3/4th is a 4 parcel property totaling 0.46 approximate acres.
The property can be purchased separately from Part 1 of the Portfolio (6502 Flora).
The Seller has indicated the preference to see the Property Developed rather than Renovated.
The City has indicated the Density of a Development as 30 Units per Acre plus the State of CA Affordable Housing Bonus.
To Summarize:
City Wants the Redevelopment of the Property(ies).
Potential Total 24- Unit Development Plus Affordable Housing Density Bonus
High Demand Rental Area
High Demand for Permanent Affordable Housing
For Property Showings don't hesitate to contact the Listing Agent - Luis Vazquez at 310-704-9109. Neither the Seller nor the Tenants are to be contacted.

Property Details

Year Built: 1921
Stories: 1
Lot Size (sq. ft): 13,939 SF
Units: 4

Highlights

Part 2 of Potential 24 Unit Development (See 6502 Flora)
110Potential Units on Site
City desires to see Development of Property

Nearby Properties

$870,000

Part 2 - 23 Unit Development

4 Unit Apartment Building Offered at $870,000 in Bell, CA 90201

6629 Pine Ave
Bell, CA 90201

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$1,260,000

Part 2 - 31 Unit Development Portfolio

6 Unit Apartment Building Offered at $1,260,000 in Bell, CA 90201

6629 Pine Ave
Bell, CA 90201

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$1,500,000

Townhome and 2BR/2BA Units - Rent Upside

5 Unit Apartment Building | $1,500,000 ($300,000/Unit) | 2% Cap Rate | Bell, CA 90201

6633 Pine Ave
Bell, CA 90201

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$2,041,800

Potential 24 Unit FOR SALE DEVELOPMENT

2 Multifamily Properties Offered at $2,041,800 in Bell, CA

6633 Pine Ave
Bell, CA 90201

View Details
$1,171,800

Part 1 of Potential 23 Unit Development

6 Unit Apartment Building | $1,171,800 ($195,300/Unit) | Bell, CA 90201

6502-6506 Flora Ave
Bell, CA 90201

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$1,171,800

Part 1 of Potential 31 Unit Development

6 Unit Apartment Building | $1,171,800 ($195,300/Unit) | Bell, CA 90201

6502-6506 Flora Ave
Bell, CA 90201

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$1,120,000

3,640 SF | Retail Building | Bell, CA 90201 | $1,120,000 ($308/SF) | 5.10% Cap Rate

6904 Atlantic Ave
Bell, CA 90201

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