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4526 Santa Anita Ave
El Monte, CA 91731 El Monte City

$1,989,000 USD

Land For Sale  •  0.65 AC

Property Details

  • Property Type Land
  • Lot Size 0.65 AC
  • Zoning C-2
50 Transit Score
60 Walk Score

Description

The proposed development consists of 14 residences distributed across five structures, with a unit mix consisting of ten approximately 1,200-square-foot residences and four
approximately 1,005-square-foot residences. The plans call for a combination of two and three-story residences with private garage parking, providing a lower-density residential product differentiated from a traditional stacked multifamily development.
At the asking price, the property is offered at approximately $142,071 per proposed unit, $124 per proposed buildable square foot and $70 per square foot of land, providing
developers with an attractive basis for a 14-unit residential project in the San Gabriel Valley.
The existing architectural package represents significant upfront planning and design work and includes architectural, structural, mechanical, electrical, plumbing and landscape components. The plans also include Conditions of Approval and various Building and Planning Department correction sets. Prospective purchasers should independently verify the current status of all plans, entitlements, permits, conditions of approval and development requirements directly with the City of El Monte.
4526 Santa Anita Avenue presents a compelling opportunity for a multifamily or residential developer seeking a defined development program, substantial existing architectural work and an attractive per-unit land basis within an established infill Los Angeles County submarket.

Highlights

Town Home Style Development
±$124 Per Buildable Squre Foot of Building | ±$70 Per Square Foot of Land
Private Garage Parking
Attractive Unit Mix Low Density Develpment
Prime Infill San Gabriel Valley Location
Architectural Work completed

Public Transportation

Commuter RailDriveWalkDistance
El Monte Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains) 4 min - 1.4 mi
Baldwin Park Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains) 11 min - 5.2 mi
AirportDriveWalkDistance
Bob Hope 37 min - 27.6 mi
Long Beach (Daugherty Field) 37 min - 27.7 mi
Los Angeles International 44 min - 29.7 mi
Daniel Hirth 310-300-2838 The Hirth Group of KW
Daniel Hirth 310-300-2838 The Hirth Group of KW