Available For Sale - Land

11,630 SF

LISTED BY

Shane Young
Young Lewin Advisors, 562-556-1118

AVAILABILITY DETAILS

Size
11,630 SF
Price/SF
N/A - Contact for Info
Listing ID
SA556743
Notes
YoungLewin is proud to present a fully entitled, 49-unit redevelopment opportunity located on Pine Avenue, available for purchase, or joint venture.



Perfectly positioned in the path of progress, this urban infill residential development offers significant potential for growth while providing the option for in-place income from potential retail tenants to offset holding costs during the redevelopment process.



This property is a walker’s paradise with a 97 Walk Score and is located in a Qualified Opportunity Zone (QOZ), with an active QOZ fund already engaged in the project—offering investors the benefits of this strategic tax incentive.



The proposed development consists of 7 stories with 5-stories Type III construction over 2 stories of Type I. Lower level units range from 430 - 467 square feet and the top story mezzanine units range from 604 - 628 square feet. Property amenities for tenants include a modern lobby/lounge, coworking space, community rooms, a rooftop deck, and exclusive two-level mezzanine units.



The site is transit-oriented and highly walkable, providing convenience for residents with grade-level parking that includes 8 surface spaces and 50 bicycle parking spots. Ownership is open to joint venture opportunities, making this an attractive option for investors looking to capitalize on a high-growth area with a competitive return on cost potential.
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Shane Young, Young Lewin Advisors
BRE# 01963090