Listing by: Roland Castelar, Engel & Voelkers Pasadena, (213) 216-9599

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Exciting Development Opportunity in City Terrace - Three Adjacent Hillside Lots with Spectacular Views, Totaling 29,127 sqft! We present an extraordinary investment proposition tailored for developers and investors seeking a remarkable opportunity. Nestled in City Terrace, this offering comprises three contiguous lots with a combined area of 29,127 sqft. Perched on a hillside, the location offers breathtaking 180-degree views of the surrounding University hills and the prestigious CSULA (Cal State University Los Angeles). The potential for this property knows no bounds, allowing for a multitude of possibilities. With its proximity to CSULA, there exists the exciting prospect of developing student housing to cater to the university's growing population. Alternatively, the site holds great promise for residential development, making it an attractive venture for those seeking to create a vibrant community. These exceptional lots provide a canvas upon which visionary developers and investors can leave their mark. Capture the attention of those who value both natural beauty and strategic location, and seize the opportunity to shape the future of this remarkable locale. For more information and to explore this incredible development opportunity, please contact us. Together, let's transform possibilities into reality. Potential Buyers to verify any restriction and city ordinances regarding redevelopment and/or improvement to there satisfaction.

Property Details
Price $550,000
Property Style Unimproved
Lot Size Area 29127
Lot Size Area Units Square Feet
Acres 0.6687
Property Type Land
Features None
Exterior Features Curbs,Sidewalks,Street Lights
Subdivision Not Applicable
View City Lights
Lot Description 0-1 Unit/Acre,Sprinklers None,Lot 20000-39999 Sqft
Association Fee 0
Geographic Data
Directions On Marengo Southside of 10 freeway, West of City Terrance Drive (West of Harrison Elementary School)
County Los Angeles
Latitude 34.054447
Longitude -118.191892
Market Area ELA - East Los Angeles
Address Information
Address 0 Marengo Street, City Terrace, CA 90063
Postal Code 90063
City City Terrace
State CA
Country United States
Listing Information
Listing Office Engel & Voelkers Pasadena
Listing Agent Roland Castelar
Listing Agent Phone (213) 216-9599
Buyer Agency Compensation 2.500
Attribution Contact (213) 216-9599
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
MLS Information
Days on market 61
MLS Status Active
Listing Date Jan 13, 2024
Listing Last Modified Jan 14, 2024
Tax ID 5229010018
MLS Area ELA - East Los Angeles
MLS # P1-16192

This information is believed to be accurate, but without any warranty.
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