$1,650,000 Price Analysis   ♡   Cudahy, CA 90201 Unknown bed 0 bath unknown SqFt ($0/SqFt) 2.2 acre lot. Listed 2024-06-15 | Ⓧ USDA Ineligible due to property near Cudahy |
The Urban Acres Development Site.
Un-Entitled. Un-Remediated. We are seeking an as-is purchaser with both capital and patience to take advantage of this timely opportunity. On behalf of the Seller, Evanisko Realty has filed a master entitlement application with site plan (thank you to Ziese Architecture for the site plan assist) in the City of Cudahy for Initial Development Review to gain formalized departmental feedback on the execution of a 50 unit at tachd for-sale townhome development concept. This is a concept executable under todays zoning. The Citys response letter was received on 3/6/24 with commentary affirmative in nature.
The project concept contemplates attached 3-story units, the use of tandem garages for many of the units and the utilization of 50% State bonus density. The project concept includes five low-income units (at VL rate) which satiates both state bonus density and City of Cudahy inclusionary requirements. The site will require environmental remediation involving the removal and disposal of soils above residential screening levels for various metals. An actual budget to remediate will be codified when a formal Remediation Action Plan (RAP) is approved by the applicable governing agency (likely DTSC in this case). A detailed synopsis of the scope, anticipated process and estimated cost to reach environmental closure is included in the project brochure (link above). The site is being heavily discounted for consideration of quick sale proposals.
Presented by Francis Evanisko at
Evanisko Realty & Investment.
Property MLS #SR24122635 from CRMLS
Lot Description: Lot 10000-19999 Sqft, Lot 20000-39999 Sqft, Lot 6500-9999, Rectangular Lot, Park Nearby
Lot Size Acres: 2.2
Lot Size Source: Assessor
Lot Size Square Feet: 95832
County: Los Angeles
Directions: 5.5 miles southeast of DTLA
Source Property Type: Land
Area: T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud
Source Neighborhood: T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud
Parcel Number: 6225026001
Postal Code Plus 4: 6807
Zoning: LDR
Source System Name: C2C
$1,650,000
CRMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.