Multi-Family

25,182 SF INFILL DEVELOPMENT SITE

12345 E Carson St, Hawaiian Gardens, CA 90716

Listing Price: $1,150,000

Lot Size
0.58 acres
Price/Acre
$1,989,594
Land Type
Land

Investment Overview

The subject property is a 25,182 square foot parcel of land located at 12345 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the parcel directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site is actually located on Claretta Street one parcel to the north of Carson St.
The subject property is located on the eastern side of Hawaiian Gardens and sits right on the border between Hawaiian Gardens and Lakewood. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. Additionally, the site is currently leased out on month-to-month basis as a storage yard (please do not disturb the tenant as they do not know the property is for sale).
Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. The purpose of the General Commercial C-4 zone is to designate areas for office/professional and retail businesses in the City that support residential areas and provide jobs for area residents. These areas are intended to accommodate a variety of shops for goods and services to serve the needs of the surrounding community.
Although the site is zoned C-4, it is important to note that the city may be willing to look at rezoning the property to some sort of residential use. The site abuts a significant pocket of R4-zoned land directly to the west that is composed of several individual multi-family properties. It is likely that many developers would like to have that R4 zoning extend eastward to the subject property and utilize the subject property for the ultimate development of for-sale townhouses, for-rent apartments or senior housing. R-4 zoning allows for one unit per 1,850 SF of land which would theoretically allow for a developer to build up to twelve units on.

Investment Highlights

  • Adjacent to Large Pocket of R-4 Uses
  • Prime 25,182 SF Redevelopment Site
  • General Plan Land Use Designation is CG

Exclusively Listed By

Multi-Family

25,182 SF INFILL DEVELOPMENT SITE

Listing Price: $1,150,000

Lot Size
0.58 acres
Price/Acre
$1,989,594
Land Type
Land

Investment Highlights

  • Adjacent to Large Pocket of R-4 Uses
  • Prime 25,182 SF Redevelopment Site
  • General Plan Land Use Designation is CG

Investment Overview

The subject property is a 25,182 square foot parcel of land located at 12345 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the parcel directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site is actually located on Claretta Street one parcel to the north of Carson St.
The subject property is located on the eastern side of Hawaiian Gardens and sits right on the border between Hawaiian Gardens and Lakewood. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. Additionally, the site is currently leased out on month-to-month basis as a storage yard (please do not disturb the tenant as they do not know the property is for sale).
Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. The purpose of the General Commercial C-4 zone is to designate areas for office/professional and retail businesses in the City that support residential areas and provide jobs for area residents. These areas are intended to accommodate a variety of shops for goods and services to serve the needs of the surrounding community.
Although the site is zoned C-4, it is important to note that the city may be willing to look at rezoning the property to some sort of residential use. The site abuts a significant pocket of R4-zoned land directly to the west that is composed of several individual multi-family properties. It is likely that many developers would like to have that R4 zoning extend eastward to the subject property and utilize the subject property for the ultimate development of for-sale townhouses, for-rent apartments or senior housing. R-4 zoning allows for one unit per 1,850 SF of land which would theoretically allow for a developer to build up to twelve units on.

Exclusively Listed By

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