63 Unit Multi Family/Hotel Development Opportunity
Buena Park Development Opportunity
Marketing description
The Story:
The Property came to the Market in late December 2025 as a Conversion to Permanent Housing. After negotiations, a Buyer's Due Diligence revealed that the City will allow Permanent Housing, but will require that the existing building be torn down. The City confirmed that this is the case. As such, the Property is now on the Market as a Development opportunity
The Property:
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 following uses: Multi-Family/Supportive/Transitional/Group Living/Auto and Commercial. 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.
Potential Tax Credits - The Property has been owned for more than 10 Years by the Current Owner
POTENTIAL DEVELOPMENT:
Multi-Family/Supportive/Transitional/Group Living/Auto, and Commercial Development Opportunity.
The City has indicated that a Hotel development is also possible with a Conditional Use Permit
Please note that all property showings are to be coordinated through the Listing Agent. The manager is not to be disturbed.
Investment highlights
Potential Tax Credits - 10 Year Ownership
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
Cooperative Local Government that Desires the Redevelopment of the Property
Residential Area to the North of the Property with Prime Buena Park Commercial nearby.
Listing Contacts
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