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 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.
65 days
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94
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2
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Zillow last checked:
Listing updated:
Listed by:
Shira DunnDRE #02100807424-653-0560,
Keller Williams Luxury
Source: CRMLS,MLS#: SR26107752Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 3
Rooms
Room types: Kitchen, Laundry, Living Room
Bathroom
Features: Bathtub
Cooling
Central Air
Appliances
Laundry: Inside, Laundry Room
Features
Eat-in Kitchen, High Ceilings
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls
Interior area
Total interior livable area: 1,166 sqft
Property
Parking
Total spaces: 1
Parking features: Garage
Garage spaces: 1
Features
Levels: One
Stories: 1
Entry location: 1
Patio & porch: Open, Patio
Pool features: None
Spa features: None
Has view: Yes
View description: None
Lot
Size: 6,502 Square Feet
Features: 0-1 Unit/Acre, Back Yard
Details
Parcel number: 2236021017
Zoning: LAR3
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Condition
Fixer
New construction: No
Year built: 1925
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Storm Drain(s), Street Lights, Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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