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$2,595,000
Est. payment /mo
0.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26103775
Lot Size 0.498 Acres
Property Description
Exceptional 9-Townhome Development Opportunity in the Heart of Signal Hill! Two separate properties (APNs 7211-021-007 & 7211-021-006), totaling approximately 21,700 SF of land, are being offered together with architectural plans for the development of 9 modern townhomes, each featuring its own private attached garage. The proposed development consists of 6 townhomes on Lewis Avenue and 3 townhomes on Burnett Avenue. Per the architectural plans, each proposed two-story townhome features approximately 1,740 SF of living space, plus a 465 SF private garage, for a combined total of approximately 2,205 SF per unit. The thoughtfully designed floor plans include 2 bedrooms plus a den, 3 bathrooms, an open-concept living and kitchen area, upstairs laundry, and a private balcony. The contemporary architectural design features clean lines, modern finishes, and private outdoor spaces. Plans are currently in plan check, offering an excellent opportunity for an investor or developer to take over the project and continue the approval process. The Lewis Ave property currently features a tenant-occupied single-family residence in the front and a vacant warehouse in fair condition in the rear. The Burnett Ave property features a vacant warehouse that is in good condition. Both properties are to be sold together in their existing as-is condition, with architectural plans and environmental reports available upon request. Centrally located in the desirable city of Signal Hill, with convenient access to shopping, restaurants, major transportation routes, and surrounding Long Beach amenities. A rare opportunity to acquire two adjoining properties with plans for a 9-townhome development project already underway! Buyer to independently verify all development details, square footage, plans, permit status, existing property conditions, and city requirements. DO NOT DISTURB TENANTS.
Location
State CA
County Los Angeles
Area Signal Hill
Zoning SHM1*
Exterior
Waterfront Description None
View Y/N Yes
View Walk Street
Building
Lot Description 2-4 Lots
Others
Special Listing Condition Standard
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Listed by Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS
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