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Listed by Han Chen • Growth Investment Group Pasade
$980,000
Est. payment /mo
79,353 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 79,353 sqft
Price per Sqft $12
MLS Listing ID CRAR25161374
HOA Y/N No
Lot Size 1.822 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
DOWNLOAD OM in the SUPPLEMENTAL! The 5 residential lots totaling 1.82ACRE are located right behind the 2 triplexes (located at 2408-2410 N Eastern Ave). It offers a rare and prime opportunity for developers to acquire an infill large development site in a mature area. It has a total of 1.82ACRE (79353 SF) lot size with RD5-1D zoning; gently sloping lot. There is an access street from a quiet and cul-de-sac street (THELMA AVE – use 2357 or 2358 Thelma Ave in Google map). Seller has initial architect drawing to build a 15 units master plan Single Family Residential – drawings will be included in the sale. The Sales comparable for older homes in the immediate El Sereno area with small lots (older houses with less than 6000SF lot size) in the past 12 months shows a range of sales price between $800,000 to $1,500,000. The 5 lots are priced to sell at only $12/SF lot. Upon completion of the project, each finished SFR could be worth $1.5million (buyer to verify). Properties are strategically and centrally located on Eastern Ave, several blocks north of Valley Blvd in Alhambra, and several blocks south of Huntington Drive. It enjoys a quiet atmosphere yet close to Alhambra, El Sereno Park and Recreation Center, Ascot Hills Park, and just minutes away from Cal State University Los Ang
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View City Lights
Building
Lot Description Irregular Lot
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