This unique property is the size of 4 individual lots. First, most northern lot, has a 2 bed home. 2nd un-developed lot. 3rd lot has a 3 or 4 bedroom/Den, 2 bath home w/ oversized 2 car garage. 4th lot has a fourplex consisting of townhouse style 2 bedroom, 1.5 bath apartments and 5 single garages and a 2 car tandem style garage. Inside laundry in the homes and communal laundry facilities for the fourplex. This is a prime location for someone who would like to develop this property. The Northern half of the property had previously been re-zoned 'Commercial', however, owners of homes on corresponding streets could not refinance and the City had to re-classify the lots on an individual basis. Based on the results of a Land Use Entitlement proposal to the City, by a research and development company, the City would allow 15 condos to be built on the property, and potentially many more units if the use was a combination of residential and commercial units. Check with the listing agent for the current status of the re-development plan with the City.
Keller Williams Realty
3030 Old Ranch Pkwy | Suite 400 | SEAL BEACH | ca 90740
562.577.9880 | 562.626.8600
Property Type: MultiFamily
Listing Category: Purchase