$825,000
$875,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
8,929 Sqft Lot
SOLD DATE : 07/07/2014
Key Details
Sold Price $825,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW14051232
Sold Date 07/07/14
HOA Y/N No
Lot Size 8,929 Sqft
Property Description
The subject property is an 8,910 square foot (approximate) residential development site. The site is flat and rectangular in shape with 49.5 feet of frontage on Howard Street and a depth of 180 feet. All utilities are to the site. The surrounding neighborhood is residential in nature, made up primarily of well-maintained single-family residences and small multi-family buildings.
Zoning on the site is R-3 Multi-Family which would allow for the construction of five residential units (one unit for every 1,750 square feet of land). All of the properties surrounding the subject have similar zoning.
There is currently an older 1920’s vintage single family residence on the property and the house is leased out on a month-to-month basis. When visiting the site, please do not disturb the tenant.
Los Alamitos is a very desirable city for residential developers and benefits from extremely strong local demographics. There are very few development opportunities in this city and the demand for newly constructed residential is very, very high. Given those factors, this property will be a great opportunity for any local developer looking to do a small multi-family project.
Location
State CA
County Orange
Area 52 - Los Alamitos
Zoning R3
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description Value In Land
Others
Tax ID 22206131
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Joanne Kootsikas • Joanne Kootsikas, Broker