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Key Details
Sold Price $700,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23071317
Sold Date 06/20/23
HOA Y/N No
Lot Size 0.501 Acres
Property Description
The investment opportunity you've been looking for. Units, units, units, units.
Amazing builder or developer opportunity. Highest and best use is land value. City of El Monte informally states that SB9 could allow 4 units on this lot with appropriate zoning clearance and tentative parcel map lot split. BUYER TO VERIFY. Existing home is a fixer. Lot is flat, rectangle shaped, and accessible. The city purchased a portion of the front of the lot for street improvements as part of neighboring home development which you'll see on the plat map. The lot size shown in this listing is the current lot size after improvements by the city. This improvements include: street, curb, driveway approach, sidewalk, retaining wall, and fencing. El Monte is a very diverse neighborhood so there might be other uses for this property. Interested buyers should investigate BEFORE submitting an offer. Submit offers subject to property inspection.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR1BY
Interior
Fireplace No
Exterior
Community Features Biking
View Y/N No
View None
Building
Lot Description Level, Rectangular Lot
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 8545018048
Acceptable Financing Cash, Cash to New Loan, Lease Back
Listing Terms Cash, Cash to New Loan, Lease Back
Financing Cash
Special Listing Condition Notice Of Default
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Bought with BAO LIU • Pinnacle Real Estate Group