See all 21 photos
21 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,980,000
Est. payment /mo
1.07 Acres Lot
UPDATED:
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
Read Less Info
Listed by Gloria Chuang Tendwell Realty & Invest. REbygloriac@gmail.com, DRE #02052550
GET MORE INFORMATION