Los Alamitos, CA,3691 Howard AVE

$825,000

$875,000

5.7%
Est.Price: ?

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Est. payment /mo

8,929 Sqft Lot


SOLD DATE : 07/07/2014

Key Details

Sold Price $825,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW14051232

Sold Date 07/07/14

HOA Y/N No

Lot Size 8,929 Sqft

Property Description

The subject property is an 8,910 square foot (approximate) residential development site. The site is flat and rectangular in shape with 49.5 feet of frontage on Howard Street and a depth of 180 feet. All utilities are to the site. The surrounding neighborhood is residential in nature, made up primarily of well-maintained single-family residences and small multi-family buildings.

Zoning on the site is R-3 Multi-Family which would allow for the construction of five residential units (one unit for every 1,750 square feet of land). All of the properties surrounding the subject have similar zoning.

There is currently an older 1920’s vintage single family residence on the property and the house is leased out on a month-to-month basis. When visiting the site, please do not disturb the tenant.

Los Alamitos is a very desirable city for residential developers and benefits from extremely strong local demographics. There are very few development opportunities in this city and the demand for newly constructed residential is very, very high. Given those factors, this property will be a great opportunity for any local developer looking to do a small multi-family project.

Location

State CA

County Orange

Area 52 - Los Alamitos

Zoning R3

Interior

Fireplace No

Exterior

Community Features Curbs

View Y/N No

View None

Building

Lot Description Value In Land

Others

Tax ID 22206131

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Wenzel • Marcus & Millichap
Bought with Joanne Kootsikas • Joanne Kootsikas, Broker

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Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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