Property listed by Keller Williams Luxury, Shira Dunn 424-653-0560
$1,175,000
RARE, SHOVEL-READY DEVELOPMENT OPPORTUNITY in a highly sought-after location! This is a fantastic equity opportunity offering a fast track to development with plans for a 24-unit, 5-story apartment building (LAR3 zoning) anticipated to be Ready-to-Issue (RTI) very soon! The project is strategically designed for maximum profitability, featuring 1-bedroom, 1-bathroom units—each… Read More with a private balcony and access to floor-level trash chutes—that qualify under an affordable housing initiative. Crucially, the absence of parking requirements dramatically maximizes usable space and return on investment. For the savvy buyer looking to push boundaries, the city has already approved the feasibility to increase the unit count from 24 to 30 units. Seize this moment to acquire a high-yield asset in a prime development corridor. Contact us immediately for full plans and to secure your stake in this exceptional venture! Buyer to independently verify all information. Read Less
Listing Snapshot
Days Online
24
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,166
Lot Size
0.15 Acres
Year Built
1925
MLS Number
SR25248003
30 Days Snapshot Of 91411
$903k
-15%
(avg) sold price
8
+33%
homes sold
60
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Levels: One, Living area: 1166, 1 story, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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