$4,000,000
$4,200,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
0.83 Acres Lot
SOLD DATE : 06/12/2023
Key Details
Sold Price $4,000,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23013291
Sold Date 06/12/23
HOA Y/N No
Year Built 1964
Lot Size 0.829 Acres
Property Description
Rare 7 units Detached PUD development opportunity in the highly sought-after North San Gabriel area. The Approved Tentative Map consists of four (4x) 2,310 SQF Detached home, and three (3x) 2,913 SQF Detached home, totaling approximately 18,000 SQF Gross Living Area on a huge 36,116 SQF flat land. Each home features 4 Bedroom, 4.5 Bathroom, meticulously designed for market’s highest demand floor plan & size, and aiming for highest investment return. The property’s desirable location is just a short walk from the most coveted city of San Marino, the area offers abundant daily essentials, grocery stores, dining and entertainment amenities.
Furthermore, this highly profitable project currently consists of 4 fully occupied and income generating single family homes. All tenants are courteous and always pay online even during pandemics. Investors may start construction at best market conditions without any financial pressure.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning LCR1*
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air, Dual
Fireplaces Type Family Room
Fireplace Yes
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights
View Y/N No
View None
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5375023018
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with KRYSTAL RAMOS • ARC NEST