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Kristine Marquez

kristine@kristinemarquez.com +1(714) 225-9415

$ 3,980,000

Est. payment | -/mo

1.07 Acres Lot

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$ 3,980,000

Est. payment | -/mo

Save

1.07 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26185633

HOA Y/N No

Lot Size 1.072 Acres

Property Description

DEVELOPER'S DREAM!! RARE OPPORTUNITY to acquire a flat rectangular 1.07 Acres of R3 zoned property with 205 feet of combined street frontage in prime centralized location in the City of El Monte. Currently there are some income producing multi-residential properties on the land and an on-site parking area. Value is mainly in the land and its redevelopment potential. Occupied units are on a month-to-month term to facilitate quick termination for investor's development plans. The property is comprised of three individual parcels with separate addresses which are to be sold together. APN: 8105013015 consists of 2620 Tyler Ave (2BR+1BA) and 2622 Tyler Ave (3BR+1BA). APN: 8105013016 consists of 2630 Tyler Ave (3BR+1BA) and 2630-1/2 Tyler Ave (1BR+1BA). APN: 8105013017 consists of 2634 Tyler Ave (2BR+1BA) and 2634-1/2 Tyler Ave (3BR+1BA). Property is located within blocks from El Monte High School, elementary schools, El Monte Community Center, El Monte Aquatics Center, County Library, local parks, markets, restaurants, and access to the freeway. Value is mainly in the land of the combined parcels which has the potential to be developed into 15 units (PUDs or Townhouses or Condos). Medium Density R3 Zone allows for 10-14 units per acre. Buyer(s) to independently verify all information with appropriate professionals and authorities including but not limited to the number of units, number of bedroom & bathroom counts, and intended uses and/or development requirements. In recent years, there are many new/newer development communities nearby (within approx. 1 mi radius) including the Solstice 70 Community at SEC of Tyler Av & Garvey Av., Clementine Community (40 units) on Santa Anita Av. just south of Garvey Av, KB Home Belcourt Place (82 SFR units); KB Home Jade (87 Townhome units), and Brookhaven by Century Communities (61 Townhomes almost sold out). Property to be sold "as is" in their present physical condition.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3*

Interior

Fireplace No

Exterior

Fence Block, Chain Link, Wrought Iron

Community Features Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

View Neighborhood

Present Use Multi-Family

Building

Lot Description 11-15 Units/Acre, Lot Over 40000 Sqft, Level, Rectangular Lot, Tear Down

Water Public

New Construction No

Others

Senior Community No

Tax ID 8105013015

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Gloria Chuang Tendwell Realty & Invest. REbygloriac@gmail.com, DRE #02052550

Nearby Locations

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Kristine Marquez

Agent License ID: 02151470

kristine@kristinemarquez.com

+1(714) 225-9415

Fullerton, CA 92835

2620 Tyler AVE El Monte, CA 91733

Kristine Marquez

Key Details

Location

Interior

Exterior

Building

Others

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2620 Tyler AVE