Huntington Beach, often referred to as Surf City USA, is known for its stunning coastline, vibrant community, and desirable real estate. For developers looking to capitalize on the thriving housing market in this beachside city, an exceptional opportunity has just emerged. A Huntington Beach home with immense development potential is now up for grabs!
Located less than a quarter mile from the renowned Beach Boulevard, this property is a developer’s dream come true. Boasting a zoning classification of RM (medium residential), the potential for creating a multi-unit residential development is unparalleled. With a generous allowance of 2,904 sq. ft per dwelling, the possibilities are truly endless.
The lot dimensions of 66′ x 135.171′ provide ample space for designing and constructing a remarkable residential complex. Moreover, the property’s location within a small Opportunity Zone presents an incredible advantage. Developers can take advantage of the benefits offered by Opportunity Zones, which include tax incentives and capital gains deferrals. It’s the perfect opportunity to optimize your return on investment.
Adding to the appeal, the surrounding area is experiencing a surge in development projects. This signifies a thriving market and a community that embraces growth and progress. By joining the ranks of these ongoing projects, you can tap into the high demand for housing in this sought-after city.
The potential of this Huntington Beach property is truly remarkable. With the possibility of constructing three units on the lot, the potential for rental income or resale value is incredibly enticing. Additionally, there is even the potential for two additional Accessory Dwelling Units (ADUs), further enhancing the property’s income-generating potential.
It is important to note that interested buyers and agents are encouraged to conduct their own due diligence. This includes thoroughly verifying zoning regulations and all aspects of the property to ensure its use and potential align with your vision. It is crucial to satisfy yourself regarding every detail before proceeding with any plans.
Opportunities like this don’t come around often, so act swiftly to secure this incredible development opportunity. Don’t let it slip away and regret missing out on the chance to create a remarkable multi-unit residential development in the highly desired city of Huntington Beach. With its prime location, ample space, and potential for rental income or resale value, this property is a developer’s dream waiting to be realized. Don’t delay – seize this opportunity and make your mark on Huntington Beach’s thriving real estate market!
7812 Liberty Drive, Huntington Beach, CA 92647