** PRICE REDUCED - LONG TERM DEVELOPMENT POTENTIAL WITH BELOW MARKET IN-PLACE INCOME The subject property is a 25,182 SF parcel of land located at 12347 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the property directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site actually fronts Claretta Ave. one parcel to the north of Carson Street. The site is currently leased out on month-to-month basis to a Manufactured Housing construction business who has occupied the property since 2012. This tenant currently pays $3,600 monthly on a gross lease. Please do not disturb the tenant as they do not know the property is for sale. Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. Although the site is currently commercially zoned, it is important to note that the city has included this site as an Opportunity Site in the Draft Housing Element and have identified a potential zoning classification of Mixed-Use which would allow for up to 40 residential dwelling units per acre. The subject property is located on the eastern side of Hawaiian Gardens and sits
MLS #
CRPW23127320
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00%
Lot Description
Grade - Level
HOA Fee
$0
Zoning
LL, LV
12347 Carson St is in Hawaiian Gardens, CA 90716. This Land is currently priced at $1,000,000.
This address can also be written as 12347 Carson St, Hawaiian Gardens, CA 90716.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 15, 2024. For the most current information, please contact Matthew Wenzel, (562) 257-1200