Added at April 29 2008, 4:00pm


Type:
Multi Family
Listing status:
Sale
SF:
Building size: , Lot size: 310365
Description:
The 23 Parcels, totaling over 7 Acres of Fee Simple land is a rare infill redevelopment opportunity in a superb location of Tustin, CA. Property has frontage on Bryan Ave. and is surrounded by CC Lambert Elementary School to the south, Single Family Residences to the north, and Senior Housing to the west. Currently the property is zoned Planned Development (PD), allowing for 15 to 25 dwellings per acre, with the potential to build up to 35 dwellings per acre with a density bonus. Currently the property sits in a Redevelopment Zone of Tustin and an affordable housing component may have to run with the property depending on the proposed development. Tustin is situated in the heart of Orange County, 35 Miles from Los Angeles, 80 Miles from San Diego and is close to all freeways. Orange County is home to the Los Angeles Angels, Anaheim Ducks, Knotts Berry Farm and world renowned Disneyland. The property is currently a 100% occupied, 92 Unit apartment community that should generate income during entitlements. Please do not disturb tenants, as they are not aware of the sale.
Terms:
Asking price: $25,850,000.
Address:
1132 - 1220 Bryan Ave, Tustin, CA
Cross:
Main Street