39 Unit AFFORDABLE HOUSING APARTMENT SITE…. 8 – 3 BEDROOM 2 BATH, 24 – 2 BD. 1 3/4 BA, 7 – 1 BEDROOM 1 BATH .. PLANS CURRENTLY IN PLAN CHECK ……NO PUBLIC HEARINGS OR CONDITIONAL USE PERMITS NECESSARY…….QUICK APPROVAL POSSIBLE…. 27 CAR SUBTERRANEAN PARKING GARAGE ( VENTED NATURALLY )….. 2 CONTIGUOUS LOTS INCLUDED. ( APN’S 7411-005-017 & 7411-005-018)…POTENTIAL PANORAMIC VIEWS FROM 3RD ( TOP ) FLOOR .. ONE OF THE LAST SOUTH BAY MODERATE SIZE PROJECT SITES ..
**** ACTURAL CITY ADMINISTRATIVE APPROVAL FOR 52 UNITS ( 4 Floors above Parking Garage ) ****
INDIVIDUAL WATER, GAS AND ELECTRIC METERS…
PROJECTED ANNUAL GROSS INCOME – $ 1,200,000+ …. APPROX 6.1 CAP ….. ( Depending on Actual Rental Income )