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La Habra, CA 90631,525 E La Habra BLVD
$495,000
Est. payment /mo
$549,900
10.0%
Est.Price: ?

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0.27 Acres Lot
SOLD DATE : 04/25/2014

Key Details

Sold Price $495,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW14056797

Tax Year 2013

Lot Size 0.270 Acres

Property Description

Currently zoned for up to 8 Residences(PUD's, Condos, Townhouses, Apts) + Commercial Space! Or Keep Current Beautifully Remodeled Home & Add Units- Presently there is a 1623 square foot, 3 bed, 2 bath, just remodeled SFR!. Home can be rented for income during your planning period, and/or refinanced as a SFR to pull out some acquisition money. Located along desirable La Habra Blvd., between Harbor & Euclid (In the La Habra Blvd Corridor Specific Plan). Surrounded by good looking Residential Developments, 1 block from Washington Middle School. Nice level rectangular lot, that goes from street to alley for easy ingress & egress - all services are to the site now. Its been an existing SFR for years. City just approved zoning for "Mixed Use", higher density & higher height limits. (verify w/ City for units per acre set to increase from 23/units/acre to 31-36 units/acre - transitioning to "Corridor Mixed-Use #2). This is a great play with: 1) Only $93,000/unit land cost w/current zoning. 2) 2 & 3 bed PUD's/Condos/Townhouses are going for $350K-$450K in La Habra NOW - These numbers work. 3) Zoning is already approved to add more units to this property, bringing down cost per unit further. 4) Great house on property right now for income and refinance purposes.

Location

State CA

County Orange

Area 87 - La Habra

Zoning Res

Exterior

Community Features Curbs, Sidewalks, Urban

View Y/N No

View None

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Frank Casarez • Sonnocco Investments
Bought with Gregory Jones • Jones Real Estate
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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