7232 Cerritos, Stanton, CA 90680

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Glen Henderson

[email protected] +1(619) 889-7646

$1,200,000

Est. payment - /mo

0.5 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25118519

HOA Y/N No

Lot Size 0.504 Acres

Acres 0.5038

Property Sub-Type Lots/Land

Type of Financing Cash

Property Description

This listing includes both 7232 W Cerritos Avenue and 10531 Lowden Street in Stanton. The total land area for the two contiguous parcels is approximately 21,947 square feet, or .50-acres. According to the OC Tax Assessors office, there are two residential units situated on each lot, for a total of four units. In reality, there are a total of seven existing units on the site, including six currently occupied units and one vacant unit. The current rents are substantially below market and could likely be significantly raised after renovations or at least slightly raised even without any renovations. This offering is a great opportunity for an investor, ADU builder, land speculator, or a developer. There may be redevelopment potential for up to 12 newly constructed units by submitting a development application under California Density Bonus Law. Please do not disturb any of the current tenants, but feel free to reach out to the listing brokerage team with any questions you may have. Priced to sell.
This listing includes both 7232 W Cerritos Avenue and 10531 Lowden Street in Stanton. The total land area for the two contiguous parcels is approximately 21,947 square feet, or .50-acres. According to the OC Tax Assessors office, there are two residential units situated on each lot, for a total of four units. In reality, there are a total of seven existing units on the site, including six currently occupied units and one vacant unit. The current rents are substantially below market and could likely be significantly raised after renovations or at least slightly raised even without any renovations. This offering is a great opportunity for an investor, ADU builder, land speculator, or a developer. There may be redevelopment potential for up to 12 newly constructed units by submitting a development application under California Density Bonus Law. Please do not disturb any of the current tenants, but feel free to reach out to the listing brokerage team with any questions you may have. Priced to sell.

Location

State CA

County Orange

Area Oc - Stanton (90680)

Building

Lot Description Curbs, Sidewalks

Others

Monthly Total Fees $60

Acceptable Financing Cash

Listing Terms Cash

CFD/Mello-Roos Fee $728

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Listed by Steven Jones • Olympia Capital Corporation

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

7232 Cerritos Stanton, CA 90680

Glen Henderson

Key Details

Location

Building

Others

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