525 E La Habra Blvd, La Habra, CA 90631

Property Description

Currently zoned for up to 8 Residences(PUD's, Condos, Townhouses, Apts) + Commercial Space! Or Keep Current Beautifully Remodeled Home & Add Units- Presently there is a 1623 square foot, 3 bed, 2 bath, just remodeled SFR!. Home can be rented for income during your planning period, and/or refinanced as a SFR to pull out some acquisition money. Located along desirable La Habra Blvd., between Harbor & Euclid (In the La Habra Blvd Corridor Specific Plan). Surrounded by good looking Residential Developments, 1 block from Washington Middle School. Nice level rectangular lot, that goes from street to alley for easy ingress & egress - all services are to the site now. Its been an existing SFR for years. City just approved zoning for "Mixed Use", higher density & higher height limits. (verify w/ City for units per acre set to increase from 23/units/acre to 31-36 units/acre - transitioning to "Corridor Mixed-Use #2). This is a great play with: 1) Only $93,000/unit land cost w/current zoning. 2) 2 & 3 bed PUD's/Condos/Townhouses are going for $350K-$450K in La Habra NOW - These numbers work. 3) Zoning is already approved to add more units to this property, bringing down cost per unit further. 4) Great house on property right now for income and refinance purposes.