Description

Are you looking for a project to start construction immediately? Here it is!!!
RTI Ready and Demolition completed!!! A rare opportunity to acquire a fully entitled townhouse style apartment development opportunity. The proposed 8 unit apartment complex contains two side by side Fourplex, each have 3 bedroom/2.5 bath units with individual addresses 1326~1340 E Kingsley Ave, all separate utilities meters (including water, electric and gas). All units with attached garages and direct access from the garage into the units. All units has 1st floor private front yard and 2nd floor balcony, all bedrooms on upstairs and laundry hooks up inside. Market rent for each unit $3,250, total project monthly rental income $26,000. The property is located within minutes of the I-10, CA-60, CA-71 and CA-57 Freeways and is within walking distance to Indian Hill Blvd or Holt Ave. The development has been fully approved by the city planning and building, Ready to issue permits and start construction now. Lot size about 19,767 sq.ft. Corner lot with alley access. This sale is for land value with approved plans.