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400 S Alhambra Ave - 338-410 S Alhambra Ave, Monterey Park

1.73 Acres of Residential Land Offered at £10,093,605 in Monterey Park, CA 91755

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Investment Highlights

Proposed use is multifamily.
Close proximity to the downtown corridor.

Electricity, gas and water are all available utilities.
Multifamily development opportunity.

Executive Summary

Prime Development Opportunity Near Downtown Corridor

Property Facts

Price	£10,093,605	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Residential
Sale Conditions	1031 Exchange	Total Lot Size	1.73 AC
No. Lots	1

Price	£10,093,605
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.73 AC

1 Lot Available

Lot

Price	£10,093,605	Lot Size	1.73 AC
Price Per AC	£5,832,350

Price	£10,093,605
Price Per AC	£5,832,350
Lot Size	1.73 AC

FULLY ENTITLED, 64 Unit Condominium Development (7 townhomes up to 2,070 sf modern style and 57 unit condominium on a podium plus 3. Rare Opportunity to Develop within distance to downtown Corridor.

Description

3 Parcel Assemblage of 1.73 Acres with Full Entitlements for 64 Condominium Development subdivided for Sale or for Rent. This land is currently being zoned for multifamily use, and is nearby the downtown corridor. A 64 unit condominium is set to be developed on this land. Over 8,000 cars per day pass by on S Alhambra Ave. Less than 0.5 miles away from E Garvey Ave with over 28,000 cars per day passing by making this a prime development opportunity.

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