Basics Details
- Date added: Added 3 days ago
- Type: Multi family
- Building Area: 3,880 sq ft
- Lot size, sq ft: 65,336 sq ft
- Zoning:
- # Of Units: 5
Description
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Description:
* Opportunity * This property has a unique combination of features that make it highly desirable in the current market. Primary is the 5 free-standing, 2-bedroom residential homes with attached garages and fenced in back yards. One home has recently installed roof. Each home is leased at below-market rates, so there's upside potential. The huge 1.5 Acre lot premium is significant for future potential development and elevates the property's overall ceiling. This versatile space is zoned Center 1, which is suitable for Mixed Use, and is an ideal investment for diverse business opportunities including residential above ground-floor professional spaces, retail, and services among other permitted uses. City code allows for "building heights up to 4 stories, compact and connected environment, medium intensity development."
The strategic location offers easy access to major roadways, Metrolink station with direct rail link to Union Station in Downtown LA, rail hubs, premier shopping venues such as Victoria Gardens, lifestyle amenities such as Wineries and fine dining venues, the EpiCenter Stadium & Sports Complex, Toyota Arena & Events Center, nearby Ontario International Airport, all set amidst award winning schools, colleges and trade schools. It's truly an incredible blend of suburban convenience, stunning mountain backdrops and top-tier amenities that translate directly into high tenant demand, premium rental rates and strong long-term property appreciation.
The economic profile for 9669 Eighth Street is incredibly robust with a high potential to achieve a high Cap rate. The blend of high-earning professionals, the solid stability of the local healthcare and logistics industries makes this a high-demand area for savvy Mixed Use investors.
The Seller, Agents and Brokers make no representations or warranties regarding the accuracy or completeness of the information provided in this listing. Buyers are encouraged to conduct their own due diligence and verify all allowed uses, zoning and details related to the property prior to making any decisions.
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