1041 W Arrow

    Azusa, CA 91702
    • $1,670,000
    • STATUS: Active Under Contract
    • ON SITE: 79 days
    • ID#: CV20006042
    Under Contract
    UPDATED: 26 min ago
    $1,670,000
    • 0
      BEDS
    • 0.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 312
      SQFT
    • $5,353
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    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 2020-03-31T11:31:55.637. 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/102234527

    1041 W Arrow Azusa, CA 91702

    • Price: $1,670,000
    • Status: Active Under Contract
    • Updated: 26 min ago
    • ID#: CV20006042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.61
    Acres
    312
    SQFT
    $5,353
    $/SQFT
    1968
    Built
    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

    Fence YN Yes Fencing Wrought Iron Lot Features Rectangular LotLevelNear Public TransitNo LandscapingPaved Lot Size Dimensions 240.17 X 110.08 Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 8619016044 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Business Type Auto Dealer Country Us Current Use Comments Current Use is A Used Car Dealership Land Lease YN No Land Use Other Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Estimated Max Total Area Units Square Feet Min Total Area Units Square Feet Occupancy Available Property Sub Type Specialty Special Listing Conditions Standard Water Source Public Year Built Source Assessor Zoning C.A.H. Arrow Hghwy Crdr

    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 2020-03-31T11:31:55.637. 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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