6629-6633 Pine Ave – 2nd Offer

• City Wants the Redevelopment of the Property(ies).
• Potential Total 27- Unit Development Plus Affordable Housing Density Bonus
• High Demand Rental Area
• High Demand for Permanent Affordable Housing

Property Description

The Property is offered for Sale by the Bell Housing Authority and is Situated on an approximate 20,317-square-foot-foot Foot Lot, the Property is an existing 6-unit Apartment Building in Need of a Tear Down and Redevelopment. The City of Bell has advised that the Density for Development is 30 Units per Acre plus State of CA Affordable Housing Density Bonuses. The Allowed Density will Allow for an Approximate 14-unit Development plus an Affordable Housing Density Bonus (Approximately 15%) Please see the Offering Memorandum. The Property is offered for Sale along with the nearby 6502 Flora, which is Approximately 18,900 Square Feet and a potential 13-unit Development plus Affordable Housing Density Bonus. Please note that all Property inquiries are to be through the Listing Agent - Luis Vazquez at 310-704-9109. The Property is sold 'as-is'.