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…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.
Facts & Features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Cooling
Cooling: Central Air
Appliances
Laundry: Inside, Laundry Room
Features
Has fireplace: No
Interior area
Total interior livable area: 1,166 sqft
Property
Parking
Total spaces: 1
Garage spaces: 1
Features
Stories: 1
Patio & porch: Open, Patio
Has private pool: No
Has view: No
Lot
Size: 0.15 Acres
Features: Zero To One Unit Acre, Back Yard
Details
Parcel number: 2236021017
Zoning: LAR3
Construction
Type & style
Home type: Residential
Property subtype: Single Family Residence
Condition
Year built: 1925
Location
Mike Zwarg
Broker / Owner
951.528.0626 mike@mzhomes.us
Listing Office: Keller Williams Luxury · Listing Agent: Shira Dunn · 424-653-0560 · CRMLS
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