Senior Housing Development
For Sale
$3,599,999
1415 Anaheim Street, Harbor City, CA 90710
Land, Harbor City, CA
Property SizeContact for details
Lot Size0.44 Acres
Days on Market1741
Property Features for 1415 Anaheim Street
General Information
Property type
Land
Property subtype
Other
Zoning
54 UNIT
Subdivision
OTHR
Lot features
Corner Lot
Directions
BETWEEN WESTERN AND VERMONT Cross Streets: BELLPORTE AVE
Standard status
Active
APN
7411005017
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2008
Utilities
Water source
Public
Listing Agency:
Prime Properties
(310) 544-4333
Listed By:
Teresa Schweyer · License #01471535
(310) 621-0646
Added: Nov 17, 2021
Changed: Aug 20
Last Checked: Aug 24 at 4:06AM
MLS# PV21227687
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Investment Insights
Based on property information with market context.
This property in Harbor City, CA, presents an opportunity for senior citizen apartment or condominium development. The city-approved "by right" project, potentially expediting approvals without public hearings or conditional use permits. The plan includes 21 three-bedroom, two-bath units and 8 one-bedroom, two-bath units. The site consists of two contiguous lots, with APNs 7411-005-017 and 7411-005-018, totaling approximately 0.44 acres. A 27-car subterranean parking garage is planned, featuring natural ventilation. Individual water, gas, and electric meters are intended for each unit. The location offers potential panoramic views from the third floor. The zoning allows for 54 units. Projected annual gross income is $720,000+, with an approximate 6.1 cap rate.
Key Highlights
- City Approved "By Rights" Project: Enables quick approval, eliminating public hearings.
- High Income Potential: Projected annual gross income of $720,000+ with an approximate 6.1 cap rate.
- 29 Units for Senior Citizens: Featuring 21 three‑bedroom and 8 one‑bedroom units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 90710, CA
26,605
Population
9,861
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
84%
High-School Grad
2.3 sq mi
ZIP Area
11,567
Density / Sq Mi
$77,486
Median Household Income
$40,216
Median Earnings
$1,547
Median Rent
$648,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Approved senior housing project site in Harbor City.
Where is this apartment building located?
The property is located at 1415 Anaheim Street Harbor City, CA.
What is the asking price?
The asking price for this property is $3,599,999.
What are key features of this property?
This property features: City Approved "By Rights" Project: Enables quick approval, eliminating public hearings.; High Income Potential: Projected annual gross income of $720,000+ with an approximate 6.1 cap rate.; 29 Units for Senior Citizens: Featuring 21 three‑bedroom and 8 one‑bedroom units.
