Listing by: Roland Castelar, Engel & Voelkers Pasadena, (213) 216-9599
0 Beds
n/a Full bath
n/a SqFt
Active
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.