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Key Details
Sold Price $1,499,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24096414
Sold Date 06/04/24
HOA Y/N No
Lot Size 0.602 Acres
Property Description
Exceptional Development Opportunity in Rosemead – 26,231 Sqft Land Parcel
Seize the opportunity to own a substantial 26,231 square foot land parcel in the growing community of Rosemead. This property presents a fantastic prospect for builders and developers with approval already in place to construct 4 individual homes, each spanning 2,400 square feet.
Nestled on the land is a unique offering: a swimming pool and a dilapidated house with 3 beds, 1 bath, and a living space of 1,244 square feet. While the house requires extensive renovation, the expansive land parcel and existing amenities present endless possibilities for development.
Perfectly positioned for residential development, this land comes with the added benefit of no HOA fees, maximizing profitability and appeal in a highly desirable area. The seller has already secured the necessary permits to build, making this an even more attractive and ready-to-go investment opportunity.
Take advantage of this exceptional development opportunity and transform this property into a lucrative investment.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Zoning RMR1*
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 8592016052
Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Lily Nguyen • Berkshire Hathaway HomeService
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605