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Preet Sandhu

preet@riserealtyca.com +1(559) 907-9993

$ 2,595,000

Est. payment | -/mo

0.5 Acres Lot

Save

$ 2,595,000

Est. payment | -/mo

Save

0.5 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26103775

HOA Y/N No

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 8 - Signal Hill

Zoning SHM1*

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 7211021007

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Shawn S. Kormondy Keller Williams Beverly Hills #01451888

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 907-9993

preet@riserealtyca.com

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2375 Lewis AVE Signal Hill, CA 90755