Description

Rare opportunity to own a new multifamily apartment building fully vacant. The property is zone C2 Tier 1 property needs TLC and the current use code is a motel elderly facility. Plans and permits are ready for a new apartment building of three-story 35,696 modern mixed-use commercial-residential building encompassing 30 apartment units on two stories and one story of mixed-use commercial space and garage parking. The residential space has over 30,000 square feet of living space and features a unit mix of 24 one-bedroom, 4 two-bedroom, and 2 three-bedroom apartments and includes 48 total parking spaces. All of the units are spacious with the majority of the one-bedroom apartments span 920 square feet and all of the two and three-bedroom apartments are over 1,000 sqft. Most of the third-story units feature balconies. The commercial retail space has 3,500 sqft and 8 commercial parking spots. Additional garage space reversed for bicycle parking. Under AB 2345 this project can also be built on a fully affordable housing platform which will exceed tremendously unit numbers and livable square footage. This is a rare find, don't miss out on this opportunity.

Features

• 0.54 Acres
• 1 Story