0.81 Acres in Downey, CA - $975,000
Rarely available R3 multi-family zoning, suitable for condos, apartments and higher density projects. Close to the Rio Honda public golf course, Maude Price Elementary School, Griffiths Middle School and John Anson Ford Park. Also near an eclectic variety of small and large grocery stores and restaurants! This is a perfect spot for the savvy developer. The land consists of three parcels offered combined at this price: APN 6229-001-008 (0.35 acre), 6229-001-009 (0.17 acre) and 6229-001-023 (0.29 acre). Together these three parcels are approximately 0.81 acre. APN -023 provides access from Florence Ave to the other two parcels. Interested buyers will want to talk directly with the City of Downey planning office about the number/density of units allowed - agent and seller do not have that information as it is likely to depend on the configuration the buyer is planning. Newer two to three be...
Rarely available R3 multi-family zoning, suitable for condos, apartments and higher density projects. Close to the Rio Honda public golf course, Maude Price Elementary School, Griffiths Middle School and John Anson Ford Park. Also near an eclectic variety of small and large grocery stores and restaurants! This is a perfect spot for the savvy developer. The land consists of three parcels offered combined at this price: APN 6229-001-008 (0.35 acre), 6229-001-009 (0.17 acre) and 6229-001-023 (0.29 acre). Together these three parcels are approximately 0.81 acre. APN -023 provides access from Florence Ave to the other two parcels. Interested buyers will want to talk directly with the City of Downey planning office about the number/density of units allowed - agent and seller do not have that information as it is likely to depend on the configuration the buyer is planning. Newer two to three bedroom apartments in Downey rent for approximately $1500 to $2225 per month and newer condos sell for approximately $350,000 and up.
Zoning: R3 Multi-Family Residential. Apartments, condos, townhomes, duplexes, pre-fabricated housing, and senior citizen housing are some of the many multi-family uses allowed
Electricity: Available
Water: District water is available
Cross Street: Old River School Rd
Driving Directions: From Los Angeles, take I-710 south. Take the Florence Ave exit 15 toward Bell. Merge onto Florence Ave. The parcels are on the right. The land is mostly behind 7214 and 7218 Florence Ave so drive around 7214 to the back. Take the aerial map.
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