The following 4 unit property is ideally suited for a developer- The land is zoned to build 20-25 unit apartments ( buyer to verify with city planning ) the tenants are under rent control - The ideal buyer is one who plans to relocate existing tenants and build 20-25 new apartment units on site. This property is ideal for an all cash investor who has the knowledge and expertise to develop this 4 unit into a 20-25 unit multifamily project. Twelve to Fifteen million after value development potential or more.
Listing courtesy of Listing Agent: Christopher Williams (cwsellsmoney@yahoo.com) from Listing Office: Christopher E. Williams Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.