Multi-Family Space For Lease @ 1901 E St

SVN is Pleased to Present for Sale 1901-23 & 1921 E Street; a redevelopment opportunity with in-place income right across the freeway from East Village. The offering consists of one 4,907 square foot (.11 Acres) parcel that includes three detached cottages totaling 1,904 rentable square feet and an adjacent vacant parcel that is 4,624 square feet (.11 Acres) and lies right next to the 94 on ramp to the 5 interstate. The lots total 9,531 square feet (.22 Acres); which under the Complete Communities Overlay Tier 3 would permit a FAR of 61,951.5 square feet.

The owner has plans to add Four 2-Bedroom/1-Bath units on the vacant parcel under the current RM-2-5 zoning (1,500 square feet per dwelling unit); but there are various opportunities to redevelop this site. There is the ability to renovate the current units for an attractive return through AirBnB or traditional leases with also the potential to convert each cottage’s garage/storage unit in to an ADU (Accessory Dwelling Unit); redevelop the rear parcel into your own design while keeping the front units intact; or a full scale redevelopment. This a rare investment opportunity that has income in-place; while site plans/permits are approved to maximize the future value and income of the land. This space offers accomodations for: lowrisegarden.