63 Unit Potential Multi-Family/Hotel/Supportive/Transitional/Group Living/Auto, and Commercial Development Opportunity

Investment Overview

The Coral Hotel property is currently offered for sale as a redevelopment opportunity. Situated on a 1.06 corner lot, the City of Buena Park has indicated that the current zoning allows for the development of the following: Multi-Family/Supportive/Transitional/Group Living/Auto, and Commercial uses. The City has advised that the existing hotel must be torn down and cannot be used in transition to Permanent living. For more details, please review the Development Section of the OM.

Investment Highlights

• Corner Lot Location - Directly across the Street from Nissan, Toyota, and 1 Block away from Honda dealerships on Auto Center Drive
• Large 1.06 Acre Lot - Potential 63 Units plus Affordable Bonus
• Cooperative Local Government that Desires the Redevelopment of the Property
• Residential Area to the North of the Property with Prime Buena Park Commercial nearby.