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    6633 Pine Ave Bell, CA 90201

    Sponsored
    For Sale
    $870,000

    Prime Multifamily Land, R3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Bell, CA property, located at 6629-6633 Pine Avenue, presents a compelling opportunity for multifamily development. The 14,000 square foot lot is zoned R3, allowing for the potential construction of a 10-unit townhome or condominium complex. The seller is pro-development, further enhancing the appeal of this investment. The property's classification is D, and it consists of four existing one-story buildings. The property's APN is 6325-017-092, 093, and it's offered fee simple. This prime location in Southeast Los Angeles offers significant potential for growth and development, making it an attractive investment for those seeking to capitalize on the area's expanding multifamily housing market. The possibility of increased density for affordable housing adds further value. This property is also situated near additional properties that could potentially be combined for a larger development. The asking price for this remarkable opportunity is $870,000. This represents a unique chance to acquire a well-positioned lot with significant development potential in a desirable location.

    Property Features for 6633 Pine Ave

    General Information

    Property type
    Multifamily properties
    Class
    D

    Building Details

    Buildings
    4
    Stories
    1

    HighLights

    • R3 zoning allows for a potential 10‑unit townhome or condominium development.
    • Potential for increased density to accommodate affordable housing.
    • Seller is highly motivated and pro‑development.
    • Adjacent property at 6502 Flora Street offers potential for combined development.
    • Desirable Southeast Los Angeles location.
    • Prime multifamily development investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bell
    County
    Los Angeles
    State
    California
    Longitude
    -118.1897373
    Latitude
    33.9756746

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    FAQs

    What type of property is this?
    Multifamily property - Prime Multifamily Land, R3 Zoning
    Where is this multifamily property located?
    The property is located at 6633 Pine Ave Bell, CA.
    What is the asking price?
    The asking price for this property is $870,000.
    What are key features of this property?
    This property features: R3 zoning allows for a potential 10-unit townhome or condominium development.; Potential for increased density to accommodate affordable housing.; Seller is highly motivated and pro-development.
    Request Owner's contact information
    6633 Pine Ave Bell, CA 90201
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    Bell, CA 90201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6633 Pine Ave Bell, CA 90201
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