7801 Otis Avenue

Cudahy, CA 90201

$1,650,000

Listed Price
N/A

bed Beds

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shower Baths

N/A sqft

straighten $17 / sqft

calendar_month Built

Property Description

The Urban Acres Development Site. Un-Entitled. Un-Remediated. We are seeking an as-is purchaser with both capital and patience to take advantage of this timely opportunity. On behalf of the Seller, Evanisko Realty has filed a master entitlement application with site plan (thank you to Ziese Architecture for the site plan assist) in the City of Cudahy for Initial Development Review to gain formalized departmental feedback on the execution of a 50 unit attached for-sale townhome development concept. This is a concept executable under today’s zoning. The City’s response letter was received on 3/6/24 with commentary affirmative in nature. The project concept contemplates attached 3-story units, the use of tandem garages for many of the units, and the utilization of 50% State bonus density. The project concept includes five low-income units (at VL rate) which satiates both state bonus density and City of Cudahy inclusionary requirements. The site will require environmental remediation involving the removal and disposal of soils above residential screening levels for various metals. An actual budget to remediate will be codified when a formal Remediation Action Plan (RAP) is approved by the applicable governing agency (likely DTSC in this case). A detailed synopsis of the scope, anticipated process, and estimated cost to reach environmental closure is included in the project brochure (link above). The site is being heavily discounted for consideration of only quick sale proposals.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 7801 Otis Avenue
City Cudahy
State CA
Zip 90201
County Los Angeles
Listing Agent Francis Evanisko DRE#01790747
Courtesy Of Evanisko Realty & Investment
MLS SR24122635
List Price $1,650,000
Status Active
Type Land
Structure Size N/A
Lot Size 95,832
DOM 1

Exterior Information

Maps

Listing information courtesy of: Francis Evanisko, Evanisko Realty & Investment . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 15th, 2024 at 11:03 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.