Condominium buy in Hawaiian Gardens California

The subject property is a ±25,182 square foot parcel of land located at 12345 Carson St. in the city of Hawaiian Gardens. The street address for the subject property is on Carson Street even though the property actually fronts Claretta Ave. one parcel to the north of Carson St. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. The site is currently leased out on month-to-month basis as a storage yard (please do not disturb the tenant as they do not know the property is for sale). Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. However, it is important to note that the site abuts a significant pocket of R4-zoned land directly to the west that is composed of several individual multi-family properties. It is likely that many developers would like to have that R4 zoning extend eastward to the subject property and utilize the subject property for the ultimate development of for-sale townhomes, for-rent apartments or senior housing. R-4 zoning allows for one unit per 1,850 SF of land which would theoretically allow for a developer to build up to twelve units on this site. Hawaiian Gardens is approximately 99% built out and like most of infill Los Angeles County the development market in this city is extremely supply-restricted. MLS® ID: PW20165357 Listed: 8/13/20 Updated: 10/4/22