$1,450,000

429 INDIANA Street

El Segundo, California 90245

429 INDIANA Street

Property Description

THESE TWO LOTS are side by side and have approved plans for a total of 8 UNITS, FOUR ON EACH LT APX `1800 SQ. FT. EACH YOU WILL BE BUILDING 4-2 UNIT BUILDINGS, MEANING THERE IS ONLY ONE COMMON WALL FOR EACH UNIT. PLANS HAVE BEEN APPROVED, land is cleared ready to start as soon as you close escrow and your permits!!! This location is just west of Sepulveda, between Grand And Mariposa close to shopping and Freeway access. There is no airport noise in the location. These units are very similar to 215 & 223 Penn St. which sold in the last few months with sales prices from $640,000 - $750,000. Construction will be on grade and this will keep the costs down. Owner will entertain a "JOINT VENTURE" or a STRAIGHT SALE. Construction costs about $2,6000,000 so you can see there is over a million $ potential here for the smart investor or developer.

Features

Lot Size:
 .29 acres

Neighborhood Information

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URL for this listing: http://www.realestatebook.com/homes/listing/104-114326130/429-INDIANA-Street-El-Segundo-CA-90245/
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More El Segundo Real Estate From Real Estate Book
This property located at 429 INDIANA Street is currently for sale.  429 INDIANA Street is in the 90245 ZIP code in El Segundo, California. This property is listed by Steve Legare for $1,450,000. .