This developable site consists of two side-by-side 25 X 110 foot oceanfront lots facing Pacific Coast Hwy with excellent ocean views. The property has a General Plan land use designation of MV-F8-d-sp and a zoning designation SP5-O-CZ. Permitted uses include three stories + rooftop deck configured into: Multi-Family up to 4 units, boutique hotel, or two "Live Work" SFRs. A Live Work SFR was completed recently on a single 25 X 110 lot at 716 PCH (approx. 2,520 SF of living area, 400 SF of retail, 655 SF garage, 594 SF of balconies/roof deck) and serves as an example of this development option. The boutique hotel zoning may allow the rental of the 4 multi-family units as weekly rentals... this option is worth investigating and could result an a substantial enhancement of cash flow! This property is located in the Downtown Huntington Beach resort area within a few blocks of 30+ restaurants, hotels, stores, shops, entertainment, and the Huntington Beach Pier. The soft sands and rideable waves of Surf City are directly across the street. The oil wells on the site have been capped to facilitate development without delay. This is a unique opportunity to construct a highly desirable oceanfront development with substantial future upside thanks to the on-going improvements taking place in Downtown Huntington Beach.
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