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Key Details
Sold Price $650,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR19153302
Sold Date 10/11/19
HOA Y/N No
Lot Size 0.310 Acres
Property Description
The Growth Investment Group is proud to offer Gage Avenue, an attractive development opportunity in the conveniently located city of Bell Gardens, California. The property is 13,680 square feet zoned high density residential, with potential to build up to 5 multifamily units. This opportunity is in a non-rent-controlled area of Los Angeles County, with less than 10 miles from Downtown Los Angeles. The site is surrounded by residential and multifamily residential communities. The area is comprised mostly of blue-collar hard working families with a steep barrier-to-entry, with average sales prices of single family residences being $474,700. Strong demographics with over 41,632 renter occupied housing units and an average household income of $64,165. Buyer to verify all information regarding zoning and check with the city on the ability to complete the desired project, and not rely on the listing broker to guarantee any project. Visit the Planning department or City Uses for Permitted Uses.
The property has excellent street frontage, sitting next to Cesar Chavez Elementary School and across from Bell Gardens High School. It provides easy access to the rest of the Greater Los Angeles Area with close proximity to FWY’s 710, 5 60, 605 & 105. (High Density Residential). Established to create multiple-family residential areas of four units or greater per parcel, not to exceed 30 dwelling units per acre. (Ord. 806 § 1, 2007).
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning BGR3*
Interior
Fireplace No
Exterior
Fence Chain Link, Fair Condition
Community Features Curbs, Fishing, Golf, Lake, Park, Street Lights, Suburban, Sidewalks, Urban
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View City Lights, Courtyard, Hills, Mountain(s), Neighborhood
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Level, Rectangular Lot, Value In Land
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6330017052
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, Trade, USDA Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, Trade, USDA Loan, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS