$4,750,000
$4,800,000
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306 S Arroyo DR San Gabriel, CA 91776
1.46 Acres Lot
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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Bought with KATHLEEN MUELLER • MUELLER REALTY