1041 W Arrow Highway

    Azusa, CA 91702
    • $1,670,000
    • STATUS: Active Under Contract
    • ON SITE: 76 days
    • ID#: CV20007569
    Under Contract
    UPDATED: 3 min ago
    $1,670,000
    • 0
      BEDS
    • 0.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    **Attention developers, investors, and contractors** Property currently in operation as used car dealership w/ land ripe for development opportunity for any type of residential, commercial, or mixed use. Plans have been submitted to City of Azusa & have preliminary approval to build a 15 unit residential condominium project w/ 5 different 3 story floor plans totaling 24,245 sf to include 2,782 sf of private open space (balconies) & 1,475 sf of common open space. City will allow up 16 units should eventual Buyer request for an additional unit. Zoning is Arrow Hwy Corridor (CAH). Perfect for new trend of hybrid +G+Build to rent or Build to sell+G- ground up development project. Sellers will work w/ Buyer toward the land entitlement. Current proposed site map has a tentative tract map. Current comps support a total valuation of projected sell out at 8+ million dollars for all 15 units as proposed. Proposed floor plans range from smallest (1,255 sf) 2 bedroom 2.5 bathrooms, private laundry, 2 car garage to largest (1,915 sf) 4 bedroom 4 bathroom, private laundry, 2 car garage. Please review site plan for floor plans. Current proposed plans are conceptual and eventual buyer can make changes to design, building footprint, bedroom bathroom count to suit their own needs as plans are not set in stone at City.Property offers an abundance of other opportunity due to prime location on Arrow Hwy. For development, can be used for quick serve restaurants w/ drive thru or a car wash 4 example.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

    www.thepowerhouserealestate.com/homes/102238110

    1041 W Arrow Highway Azusa, CA 91702

    • Price: $1,670,000
    • Status: Active Under Contract
    • Updated: 3 min ago
    • ID#: CV20007569
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.61
    Acres
    Neighborhood:
    607 - Azusa
    County:
    Los Angeles
    Area:
    607 - Azusa
    Property Description
    **Attention developers, investors, and contractors** Property currently in operation as used car dealership w/ land ripe for development opportunity for any type of residential, commercial, or mixed use. Plans have been submitted to City of Azusa & have preliminary approval to build a 15 unit residential condominium project w/ 5 different 3 story floor plans totaling 24,245 sf to include 2,782 sf of private open space (balconies) & 1,475 sf of common open space. City will allow up 16 units should eventual Buyer request for an additional unit. Zoning is Arrow Hwy Corridor (CAH). Perfect for new trend of hybrid +G+Build to rent or Build to sell+G- ground up development project. Sellers will work w/ Buyer toward the land entitlement. Current proposed site map has a tentative tract map. Current comps support a total valuation of projected sell out at 8+ million dollars for all 15 units as proposed. Proposed floor plans range from smallest (1,255 sf) 2 bedroom 2.5 bathrooms, private laundry, 2 car garage to largest (1,915 sf) 4 bedroom 4 bathroom, private laundry, 2 car garage. Please review site plan for floor plans. Current proposed plans are conceptual and eventual buyer can make changes to design, building footprint, bedroom bathroom count to suit their own needs as plans are not set in stone at City.Property offers an abundance of other opportunity due to prime location on Arrow Hwy. For development, can be used for quick serve restaurants w/ drive thru or a car wash 4 example.
    Exterior Features

    Fencing Wrought Iron Lot Features Lot 20000-39999 SqftRectangular LotLevelNear Public TransitPaved Lot Size Dimensions 240.17X110.08 Lot Size Source Assessor Lot Size Units Square Feet Road Frontage Type City StreetHighway Road Surface Type MaintainedPaved View Mountain(S) View YN Yes

    Property Features

    Additional Parcels Description 8619016044 Additional Parcels YN Yes Association Fee 0.00 Association YN No Community Features CurbsSidewalksStorm DrainsStreet LightsSuburban Country Us Current Use Comments Currently Being Used As A Used Car Dealership. Distance To Water Comments 0 Elevation Units Feet Land Lease YN No Lot Dimensions Source Assessor New Construction YN No Possible Use Comments Multiple Possible UsesEventual Buyer To Confirm With City Planning Department. Multi-Family (Preliminary Approval To Build 15 Units16 Possible)... Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Usable Land Percent 100 Water Source Public Zoning Lcc2yy

    Listing provided courtesy of Oscar Trejo Jr. of Century 21 Masters and Shawn Luong of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

     
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