Sale includes 2 adjacent lots zoned R3: 636 N Juanita, APN 5539-023-027 and 642 N Juanita, APN 5539-023-029. Each lot has a single family residence. No multi-family!. No rent control! 642 N Juanita is vacant. 636 N Juanita has a tenant paying $3,500/month. Property falls under the Vermont Specific Plan. Essentially 18 units could be built by right, 26 units maximum are possible using density bonus and parking reduced to 0.5 spaces per bedroom. Density bonus would require 3 units to be low income. The current architectural plans and layout of 3 floors with 24 units seems to be the sweet spot for this property. The architect (Guy Cass) that completed the plans understands intimately the Vermont Specific Plan. The plans are ready to submit for review. The 30 parking spaces in the plans are all drive on, no underground parking is required. Architectural survey, historical home report (ready for demo) and 23 detailed architectural drawings are available.
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