Active

$1,750,000

Features:
  • 10 Bedrooms
  • 7 Bathrooms
  • 5069 sq ft
Overview
  • ID: MFRA4686129
  • Bedrooms: 10
  • Bathrooms: 7
  • Size: 5069 sq ft
Property Details
Remarks
No brainer SFH building site, with in-place zoning. Save yourself lengthy approvals, time wasted, just submit and build. 9/units an acre, 37000 cars a day, dead middle of everything, and an elementary school directly across the street. The property pencils out easily for raw land, comps from nearby housing stock (roughly 10+ years old) selling in the upper 400's. Would also make an solid ALF option to build. A nice bonus, the property has 7 total rentals at current. They produce roughly $5000/mo in Gross income to help offset any holding/horizontal costs along the way. No other parcel of this size exists this far west, no new construction to compete with.
Financial Considerations
Price:
$1,750,000
HOA Fee:
N/A
Tax Amount:
$9365
Price per SqFt:
$345.24
Tax Legal Description:
LOTS 1 THRU 9, LOTS 10,11 LESS RD R/W PER DESC AS FOLLOWS: THAT PART OF LOTS 10 & 11 IN EUCALYPTUS HEIGHTS IN SEC 18, AS PER PLAT THEREOF RECORDED IN PB 4 PG 16, PRMCF, LYING WITHIN 33 FT OF THE SURVEY LN OF SR 70, SEC 1316, SD SURVEY LN BEING DESC A S FOLLOWS: BEGIN AT THE NW COR OF SD SEC 18; RUN TH S 89 DEG 14 MIN 00 SEC E, 5393.25 FT TO THE NE COR OF SD SEC 18,
Exterior Features
Lot Size:
278784
Lot Features:
In County, Near Public Transit
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
10
Bathrooms:
7
Heating:
Other
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1952
Construction Type:
Block, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Awning(s), Storage
Additional Features 2:
N/A
Map
  • Address
    2008 53RD AVE E
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