South Gate, CA 90280,10900 Lillian Lane

$1,606,000

Est. payment /mo

$2,000,000

19.7%
Est.Price: ?

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10900 Lillian Lane South Gate, CA 90280

6,015 SqFt

SOLD DATE : 10/06/2023

Key Details

Sold Price $1,606,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,015 sqft

Price per Sqft $266

MLS Listing ID CRPW23109776

Sold Date 10/06/23

HOA Y/N No

Year Built 1948

Lot Size 0.596 Acres

Acres 0.6

Property Description

We are pleased to present 10900 Lillian Lane, an 8 unit existing mulifamily property with further development potential located on a massive 25,737 square foot lot. Zoned CDR2 within the City of South Gate, this allows for mixed or single use development of multifamily of up to four stories (50 feet), with bonus allowances of up to five stories. (60 feet). The current density minimum for a building of this zoning is 21 unit per acre, a maximum of 32 units per acre, and a maximum/w bonus of 85 units per acre. Standard setbacks for this site are going to be 10 feet away from the existing building and 10 feet from the street. Lillian Lane is located on the east side of the 710 and is within one block of the city of Downey. Residents of Lillian Lane benefit being in the city of Downey School district. The current layout of the property are two identical triplex's contiguous of each other consisting of all one bedroom units. South of the property are two detached houses consisting of a 930 Square foot 2 bed/1 bath stand alone house, and a 1,917 square foot 3 bed/2 bath house. To the south of this is a detached gazebo structure, a two car detached garage, and a small stand alone structure. This part of the lot could be utilized for further development detailed in the development opport

Location

State CA

County Los Angeles

Area South Gate E Of 710

Zoning SGR3

Interior

Fireplace No

Laundry No Hookups

Building

Lot Description Front Yard

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 6234001127

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Bridge MLS
Listed by Jackson Jorgensen • Younglewin Advisors, Inc.
Bought with JacksonJorgensen
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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