0 South Loop Blvd near Calif City Blvd, California City, CA 93505

Property Description

Endless possibilities with this well-located California City parcel! A great building site fronting South Loop Blvd, just one parcel from California City Blvd with an attractive newer drive-thru restaurant commercial building next door. The parcel's current RM1, Multiple Family zoning allows a range of residential applications, and the City has also indicated that due to its proximity to the commercial property next door, they would likely approve a zone change to C1, Neighborhood Commercial. Please verify the feasibility of your intended use directly with the City. With paved frontage, water, sewer and natural gas lines in the street and electric at the adjoining parcel, this property just needs your big idea to make it great! Excellent financing available! Seller is willing to carry a loan with as little as 10-25% down and amortize the balance over 15-25 years for a term of 5-7 years at a rate of (i.) 6%, or (ii.) 2% LESS THAN the current WSJ Prime Rate. OAC. *Buyer to make their own independent investigations regarding Zoning and General Plan Designations, Environmental and Hazard Zones, Access and Development costs, Availability and Costs of Utilities.