39 unit affordable housing apartment site.... 8 3 bedroom 2 bath, 24 2 bd. 1 3/4 ba, 7 1 bedroom 1 bath.. Plans currently in plan check...... No public hearings or conditional use permits necessary....... Quick approval possible.... 27 car subterranean parking garage ( vented naturally )..... 2 contiguous lots included. ( apn's 7411 005 017 & 7411 005 018)... Potential panoramic views from 3rd ( top ) floor.. One of the last south bay moderate size project sites.. **** actural city administrative approval for 52 units ( 4 floors above parking garage ) ****
individual water, gas and electric meters... Projected annual gross income $ 1,200,000+.... Approx 6. 1 cap..... ( depending on actual rental income )