The Occidental Development Site is a fully entitled 48 unit multi-family development site that includes approved plans. The property is ready for immediate construction as it is currently in RTI condition. No low income units are required as the property was entitled by-right with no density bonus and the existing structures are vacant and ready for demolition. The approved plans consist of 48 units in a structure that is four stories of apartments over one level of on-grade parking and one level of subterranean parking for a total of 72 vehicles. The unit mix consists of 32 one-bedrooms with one-bathroom averaging 645 square feet and 16 units that are two-bedrooms with two-bathrooms averaging 966 square feet per the plans. Buyers are to verify the development potential of the property and review the plans as well as all costs involved in the proposed development independently.
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Listing Courtesy ofBerkadia