$ 3,500,000
9228 9236 Artesia BLVD Bellflower, CA 90706
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$ 3,500,000
Est. payment | /mo
0.82 Acres Lot
$ 3,500,000
Est. payment | /mo
0.82 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID RS23125508
HOA Y/N No
Year Built 1961
Lot Size 0.816 Acres
Lot Dimensions Assessor
Property Description
Calling all developers. The current developer wasn't able to perform with a 50 unit permanent supportive housing project where the City was contributing City funds. Please contact Jim Dellalonga (dellalonga@bellflower.org) 562 804-1424 ext. 2224 the Head of the City Economic development of Bellflower. The City is looking for a new developer to work with. 9228 - 9236 Artesia Bl Bellflower combined 2 Parcels for sale APN7162012026 APN 7162012025 We need more housing! Perfect for economic development and or affordable housing . The current lot has an existing non-operational motel, 16 total units. current zoning shows m1, however, it may be possible to be zoned as commercial or residential. there are many developments in the local area, don't miss out on this opportunity. buyer to verify with city planning for the actual use. The City is open to allowing a new Hotel Development if both parcels are developed into a 60 to 67 Unit Motel. This new Hotel must be a brand and run professionally. Other Uses for the existing Motel side could be putting garage Doors and making Auto Stalls to lease individually since the current use is industrial for the Vacant Motel Parcel. All information is deemed reliable but not guaranteed. Everyone must verify on their own, the intended use by City of Bellflower. The Broker and seller make no warranty. Both addresses 9228 - 9236 will be sold together and are sold as-is. The approximate combined lot Sq footage is 35,000 square ft. The City said they are about to adopt an ordinance that will allow 30 to 40 Units of low Income to medium Income units on both parcels. Buyer must verify with the City The Broker and seller make no representations or warranties towards this property.
Location
State CA
County Los Angeles
Area Rf - Bellflower South Of 91 Frwy
Interior
Heating None
Inclusions Sold As-is
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Building
Lot Description 16-20 Units/Acre
Story 1
Water Public
Others
Tax ID 7162012026
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Gilbert Morales • TCB Real Estate Services • 562-505-6449
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Kelly McLaughlin
REALTOR® | Lic# 01475708