Active Under Contract

9228 9236 Artesia Boulevard

Bellflower CA, 90706

$3,500,000


$613.50 per sqft

Active Under Contract

5,705 sqft

Commercial

Built in 1961

Listed by Gilbert Morales with TCB Real Estate Services 714-330-3108

Calling all developers. The current developer wasn't able to perform with a 50 unit permanent supportive housing project where the City was contributing City funds. Please contact Jim Dellalonga ([email protected]) 562 804-1424 ext. 2224 the Head of the City Economic development of Bellflower. The City is looking for a new developer to work with. 9228 - 9236 Artesia Bl Bellflower combined 2 Parcels for sale APN7162012026 APN 7162012025 We need more housing! Perfect for economic development and or affordable housing . The current lot has an existing non-operational motel, 16 total units. current zoning shows m1, however, it may be possible to be zoned as commercial or residential. there are many developments in the local area, don't miss out on this opportunity. buyer to verify with city planning for the actual use. The City is open to allowing a new Hotel Development if both parcels are developed into a 60 to 67 Unit Motel. This new Hotel must be a brand and run professionally. Other Uses for the existing Motel side could be putting garage Doors and making Auto Stalls to lease individually since the current use is industrial for the Vacant Motel Parcel. All information is deemed reliable but not guaranteed. Everyone must verify on their own, the intended use by City of Bellflower. The Broker and seller make no warranty. Both addresses 9228 - 9236 will be sold together and are sold as-is. The approximate combined lot Sq footage is 35,000 square ft. The City said they are about to adopt an ordinance that will allow 30 to 40 Units of low Income to medium Income units on both parcels. Buyer must verify with the City The Broker and seller make no representations or warranties towards this property.

RS23125508

MLS ID

July 7, 2023

Listed

May 9, 2024

Updated

Map

9228 9236 Artesia Boulevard
Bellflower CA, 90706

Interior Features

Total Stories

1


Laundry Description

Electric Dryer Hookup, Gas Dryer Hookup


Fireplace

No


Cooling

No


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.82 Acres


Lot Features

16-20 Units/Acre

Other Property Details

Area Name

RF - Bellflower South of 91 Frwy


Days on Market

211


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

2/8/2024

Under Contract

10/22/2023

Active

7/23/2023

Under Contract

Listing Contact: 714-330-3108 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/9/2024 at 3:08 PM UTC

 

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