Description

Huge Upside! Two buildable adjacent lots, one listing (0 7207-021-35 and 0 7207-021-36 to be sold together). Nice bluff location, in the city of Signal Hill, with 13 units buildable and designed. Seller is an award winning Architecture Design - Build firm and will include initial schematic plans within the price. Full entitlement and/or design services can be added as part of the sale at additional cost. Please see Offering Memorandum for more details and images. Up to 13 condo units can be built on this site, with some development required. AB2011 low-income component applies, meaning 15% of units have to be affordable for residents with incomes of 80% or Area Median Income or less (may vary, depending on legislation specifics, and occupancy). Site is within a half a mile of a major transportation stop, affecting parking requirements in the developer's favor. Utilities are available from California Avenue. Design is centered around prefabricated, modular component construction allowing each of the units to be factory made and stacked in place. Phase 1 and if required Phase 2 soil assessments would be a buyer responsibility. Access road would need to be completed, with city support. No active or previous oil wells are on-site(s). A date stamped SB 330 filing has already been made on these sites for residential development. Willow Spring Park is directly across the street, and is currently in development. See Offering Memorandum for additional information, links, photos, and mock ups.