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).