$4,085,950
$4,580,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
1.01 Acres Lot
SOLD DATE : 10/25/2024
Key Details
Sold Price $4,085,950
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-24099
Sold Date 10/25/24
HOA Y/N No
Lot Size 1.015 Acres
Lot Dimensions Public Records
Property Description
Near the City of Hope, 210 and 605, this property comes with the opportunity for a fully entitled residential project. Per the City of Duarte, the Project is for a 20-unit, market-rate, residential condominium project that was originally submitted in 2019, and the design, tentative tract map, and planned development permit approved in March 2022, and the approved entitlement has been extended until March, 2025. The next requirements in the development process include demolish existing buildings and submit construction drawings to the City's Building Division to enter into Plan Check.Buyer has the sole responsibility to investigate feasibility, property conditions, codes, and permits, and to consult with licensed professionals and governing authorities. Seller's own plans are not included in the sale and are negotiable. Property is to be sold as and where it is.Seller requires offers using only current version of C.A.R. forms as well as proof of funds issued by an FDIC-insured bank/financial institution for consideration. Sellers will not respond to LOI's and other forms of letters.
Location
State CA
County Los Angeles
Area 617 - Duarte
Zoning R3
Interior
Fireplace No
Exterior
Fence None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description Lot Over 40000 Sqft, Sprinklers None
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8529012046
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with LILI QIAN • PACIFIC STERLING REALTY
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Broker Associate | Lic# 01398838