Existing triplex with all month to month tenancies grossing $5,648/mo. The 50' X 155.5' [7,775 SF] lot is zoned R3-1 and is a TOC Tier 3. The SNAP [Specific Plan] will establish the base height limitation from which TOC will add 22 FT making the maximum height limitation 59' using TOC. Minimum parking standards are set by TOC not SNAP in this instance. Hence, the max density of 17 units can be executed with 9 parking spaces. In this subarea of the SNAP, assemblage of two or more lots exceeding 15,000 SF of land is prohibited. Therefore, new developments on this particular block will be limited to single lot developments as the lots exceed 7,500 SF each. Lastly, this property is located in the Opportunity Zone. Seller has inherited property. Buyer and Seller to confirm exact operational expenses during DD.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
