San Gabriel, CA 91776,306 S Arroyo DR

$4,750,000

Est. payment /mo

$4,800,000

1.0%
Est.Price: ?

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306 S Arroyo DR San Gabriel, CA 91776

1.46 Acres Lot

SOLD DATE : 02/17/2016

Key Details

Sold Price $4,750,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS14196035

Sold Date 02/17/16

HOA Y/N No

Lot Size 1.463 Acres

Property Description

ATTENTION BUILDERS AND DEVELOPERS! Not many opportunities like this come available so grab it while you can! Nearly 1.5 acres in the Heart of San Gabriel ripe for development. These three (3) parcels (270-278, 306 and 308 S Arroyo; APN's 5346-024-018; 5346-024-017; 5346-024-016) offer 63,750 square feet (per assessor) with 255 foot frontage, zoned R3 Arroyo Residential within the Mission District Specific Plan. With the Density Bonus, the City of SG Planning Department says a MAXIMUM of 58 units may be built. Of course, the Buyer is to satisfy themselves as to development possibilities, uses, density, etc. so please do check with the Planning Department before writing an offer. There are currently two houses and four units on the property, all tenant occupied (with DOGS!) so please be considerate and DO NOT WALK OR DRIVE ON THE PROPERTY without an appointment. These three lots must be sold together, owner will not consider selling individually so please don't ask. You know the drill, AS IS, no repairs or termite clearance, land value only. Let's work together to bring more quality developments to our fine city!

Location

State CA

County Los Angeles

Area 654 - San Gabriel

Zoning R3 Arroyo

Interior

Fireplace No

Exterior

Community Features Curbs

View Y/N No

View None

Building

Lot Description Gentle Sloping, Lot Over 40000 Sqft, Near Public Transit, Paved, Rectangular Lot, Sloped Up, Tear Down, Trees, Value In Land

Others

Tax ID 5346024018

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KATHLEEN MUELLER • MUELLER REALTY
Bought with KATHLEEN MUELLER • MUELLER REALTY

John Labick

Broker Associate | License ID: 01991075

+1(661) 212-1339

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