Wonderful Unique Development Opportunity approved to build 2 adjoining homes. Plans approved in 2007. Revisions currently being worked on to resubmit to the city for approval. Plans to build out 4 Bedrooms, 4 Bathrooms, approximately 2800 square each, a total of approximately 5600 square feet with a 3rd floor deck, and a tentative map to be recorded, in order to obtain two separate APNS, on a nice street, close to famed Balboa Island. Close to shops, Transportation, Restaurants. and Nightlife. Excellent location. Bring your developer, architect and imagination.
Sold for Land Value/Development. No termite, repairs, retrofitting, credits or other. Non-Contingent sale.
Sold in "AS IS" and "WHERE IS" condition.
Buyers to verify all information and do their own due diligence.
Buyer can also choose to hold the property for long term. Currently a Duplex, with a Gross Income of $5,350.00/month ($64,200.00/year) should you decide to hold off on the building.
***PLEASE NOTE: Please see attached updated Architectural Plans/Structural Plans. The attached Plans are to be used and viewed only for assessment of this MLS listing and can not be used or duplicated without the written authorization of the seller.****
|Square Feet||≈ 1,424|
|Listing Brokerage||RE/MAX TerraSol|
|Listing Agent||Kathy Younessi|
|Listing Agent BRE #||01382184|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 13, 2018.
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