Bell Gardens, CA 90201,6040 Gage AVE
Bell Gardens, CA 90201,6040 Gage AVE
Bell Gardens, CA 90201,6040 Gage AVE
$650,000
Est. payment /mo
$699,999
7.1%
Est.Price: ?

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0.31 Acres Lot
SOLD DATE : 10/11/2019

Key Details

Sold Price $650,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR19153302

Sold Date 10/11/19

HOA Y/N No

Lot Size 0.310 Acres

Acres 0.31

Property Description

The Growth Investment Group is proud to offer Gage Avenue, an attractive development opportunity in the conveniently located city of Bell Gardens, California. The property is 13,680 square feet zoned high density residential, with potential to build up to 5 multifamily units. This opportunity is in a non-rent-controlled area of Los Angeles County, with less than 10 miles from Downtown Los Angeles. The site is surrounded by residential and multifamily residential communities. The area is comprised mostly of blue-collar hard working families with a steep barrier-to-entry, with average sales prices of single family residences being $474,700. Strong demographics with over 41,632 renter occupied housing units and an average household income of $64,165. Buyer to verify all information regarding zoning and check with the city on the ability to complete the desired project, and not rely on the listing broker to guarantee any project. Visit the Planning department or City Uses for Permitted Uses.
The property has excellent street frontage, sitting next to Cesar Chavez Elementary School and across from Bell Gardens High School. It provides easy access to the rest of the Greater Los Angeles Area with close proximity to FWY’s 710, 5 60, 605 & 105. (High Density Residential). Established to create multiple-family residential areas of four units or greater per parcel, not to exceed 30 dwelling units per acre. (Ord. 806 § 1, 2007).

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning BGR3*

Interior

Fireplace No

Exterior

Fence Chain Link, Fair Condition

Community Features Curbs, Fishing, Golf, Lake, Park, Street Lights, Suburban, Sidewalks, Urban

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N Yes

View City Lights, Courtyard, Hills, Mountain(s), Neighborhood

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Level, Rectangular Lot, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6330017052

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, Trade, USDA Loan, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Owner May Carry, Submit, Trade, USDA Loan, VA Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Guerra • GIG Real Estate Inc.
Bought with General NONMEMBER • CRMLS

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Todd McIntosh

+1(310) 770-8626

Agent | License ID: 01472763

Agent License ID: 01472763

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