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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 3,500,000

Est. payment -/mo

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Active Under Contract

9228 9236 Artesia BLVD Bellflower, CA 90706

5,705 SqFt

UPDATED:

09/30/2024 06:48 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,705 sqft

Price per Sqft $613

MLS Listing ID RS23125508

HOA Y/N No

Year Built 1961

Lot Size 0.816 Acres

Lot Dimensions Assessor

Property Description

Calling all developers. The current developer wasn't able to perform with a 50 unit permanent supportive housing project where the City was contributing City funds. Please contact Jim Dellalonga (dellalonga@bellflower.org) 562 804-1424 ext. 2224 the Head of the City Economic development of Bellflower. The City is looking for a new developer to work with. 9228 - 9236 Artesia Bl Bellflower combined 2 Parcels for sale APN7162012026 APN 7162012025 We need more housing! Perfect for economic development and or affordable housing . The current lot has an existing non-operational motel, 16 total units. current zoning shows m1, however, it may be possible to be zoned as commercial or residential. there are many developments in the local area, don't miss out on this opportunity. buyer to verify with city planning for the actual use. The City is open to allowing a new Hotel Development if both parcels are developed into a 60 to 67 Unit Motel. This new Hotel must be a brand and run professionally. Other Uses for the existing Motel side could be putting garage Doors and making Auto Stalls to lease individually since the current use is industrial for the Vacant Motel Parcel. All information is deemed reliable but not guaranteed. Everyone must verify on their own, the intended use by City of Bellflower. The Broker and seller make no warranty. Both addresses 9228 - 9236 will be sold together and are sold as-is. The approximate combined lot Sq footage is 35,000 square ft. The City said they are about to adopt an ordinance that will allow 30 to 40 Units of low Income to medium Income units on both parcels. Buyer must verify with the City The Broker and seller make no representations or warranties towards this property.

Location

State CA

County Los Angeles

Area Rf - Bellflower South Of 91 Frwy

Rooms

Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup

Interior

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup

Heating None

Inclusions Sold As-is

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Building

Lot Description 16-20 Units/Acre

Story 1

Water Public

Others

Tax ID 7162012026

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Gilbert Morales • TCB Real Estate Services • 562-505-6449

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

9228 9236 Artesia BLVD Bellflower, CA 90706

Key Details

Location

Rooms

Interior

Building

Others

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9228 9236 Artesia BLVD