Affordable Housing Development
For Sale
$3,599,999
1415 Anaheim Street, Harbor City, CA 90710
Affordable housing apartment site with plans in plan check and a 27-car subterranean parking garage.
Property SizeContact for details
Days on Market1769
Property Features for 1415 Anaheim Street
General Information
Standard status
Active
Property subtype
Lot/Land
Zoning
54 UNIT
Listing Agency:
Prime Properties
(310) 621-0646
Listed By:
Teresa Schweyer · License #01471535
(310) 621-0646
Source:
Compass
Added: Oct 7, 2021
Changed: Aug 8
Last Checked: Mar 25 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Properties
Investment Insights
Based on property information with market context.
This affordable housing apartment development site is planned for multiple unit types, including 8 three-bedroom, 2-bath units; 24 two-bedroom, 1 3/4-bath units; and 7 one-bedroom, 1-bath units. Plans are currently in plan check, and the project includes a 27-car subterranean parking garage with natural ventilation. The site also has individual water, gas, and electric meters.
Two contiguous lots are included (APNs 7411-005-017 and 7411-005-018). The remarks note potential panoramic views from the third, top floor. City administrative approval for a 52-unit project is referenced, described as four floors above the parking garage, with quick approval possible and no public hearings or conditional use permits necessary.
The offering references projected annual gross income of $1,200,000+ (depending on actual rental income) and a projected approximate 6.1% cap rate (repeat figures are included in the source remarks).
Two contiguous lots are included (APNs 7411-005-017 and 7411-005-018). The remarks note potential panoramic views from the third, top floor. City administrative approval for a 52-unit project is referenced, described as four floors above the parking garage, with quick approval possible and no public hearings or conditional use permits necessary.
The offering references projected annual gross income of $1,200,000+ (depending on actual rental income) and a projected approximate 6.1% cap rate (repeat figures are included in the source remarks).
Key Highlights
- 39‑unit affordable housing apartment site; unit mix includes eight 3BR/2BA, 24 2BR/1.75BA, and seven 1BR/1BA apartments.
- Plans are currently in plan check, with no public hearings or conditional use permits noted as necessary.
- 27‑car subterranean parking garage with naturally vented parking.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,243
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Affordable housing apartment site with plans in plan check and a 27-car subterranean parking garage.
Where is this residential land & home lot 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: 39‑unit affordable housing apartment site; unit mix includes eight 3BR/2BA, 24 2BR/1.75BA, and seven 1BR/1BA apartments.; Plans are currently in plan check, with no public hearings or conditional use permits noted as necessary.; 27‑car subterranean parking garage with naturally vented parking.
