$700,000
$650,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
846 SqFt
SOLD DATE : 06/20/2023
Key Details
Sold Price $700,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 846 sqft
Price per Sqft $827
MLS Listing ID AR23070024
Sold Date 06/20/23
Style Detached
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1947
Lot Size 0.501 Acres
Acres 0.5007
Property Description
The investment opportunity you've been looking for. Units, units, units, units. Amazing builder or developer opportunity. Highest and best use is land value. City of El Monte informally states that SB9 could allow 4 units on this lot with appropriate zoning clearance and tentative parcel map lot split. BUYER TO VERIFY. Existing home is a fixer. Lot is flat, rectangle shaped, and accessible. The city purchased a small portion of the front of the lot for street improvements as part of neighboring home development which you'll see that on the plat map. This included improvements to the street, curb, driveway approach, sidewalk, retaining wall, and fencing. El Monte is a very diverse neighborhood so there might be other uses for this property. Interested buyers should investigate BEFORE submitting an offer. Submit offers subject to property inspection.
The investment opportunity you've been looking for. Units, units, units, units. Amazing builder or developer opportunity. Highest and best use is land value. City of El Monte informally states that SB9 could allow 4 units on this lot with appropriate zoning clearance and tentative parcel map lot split. BUYER TO VERIFY. Existing home is a fixer. Lot is flat, rectangle shaped, and accessible. The city purchased a small portion of the front of the lot for street improvements as part of neighboring home development which you'll see that on the plat map. This included improvements to the street, curb, driveway approach, sidewalk, retaining wall, and fencing. El Monte is a very diverse neighborhood so there might be other uses for this property. Interested buyers should investigate BEFORE submitting an offer. Submit offers subject to property inspection.
Location
State CA
County Los Angeles
Area El Monte (91732)
Zoning EMR1BY
Interior
Laundry Garage
Exterior
Garage Spaces 1.0
Total Parking Spaces 1
Building
Story 1
Sewer Unknown
Water Other/Remarks
Level or Stories 1 Story
Others
Monthly Total Fees $46
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition NOD Filed/Foreclosure Pnd
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with BAO LIU • Pinnacle Real Estate Group