Property listed by Growth Investment Group Pasade, Han Chen [email protected]
2408 2410 EASTERN Avenue
El Sereno, CA 90032
Acres
1.82
$980,000
DOWNLOAD OM in the SUPPLEMENTAL! The 5 residential lots totaling 1.82ACRE are located right behind the 2 triplexes (located at 2408-2410 N Eastern Ave). It offers a rare and prime opportunity for developers to acquire an infill large development site in a mature area. It has a total… Read More of 1.82ACRE (79353 SF) lot size with RD5-1D zoning; gently sloping lot. There is an access street from a quiet and cul-de-sac street (THELMA AVE – use 2357 or 2358 Thelma Ave in Google map). Seller has initial architect drawing to build a 15 units master plan Single Family Residential – drawings will be included in the sale. The Sales comparable for older homes in the immediate El Sereno area with small lots (older houses with less than 6000SF lot size) in the past 12 months shows a range of sales price between $800,000 to $1,500,000. The 5 lots are priced to sell at only $12/SF lot. Upon completion of the project, each finished SFR could be worth $1.5million (buyer to verify). Properties are strategically and centrally located on Eastern Ave, several blocks north of Valley Blvd in Alhambra, and several blocks south of Huntington Drive. It enjoys a quiet atmosphere yet close to Alhambra, El Sereno Park and Recreation Center, Ascot Hills Park, and just minutes away from Cal State University Los Angeles. Commuting to Downtown Los Angeles is a breeze with easy access to FWY 10. El Sereno, nestled in Northeast Los Angeles, is a vibrant, historic neighborhood known for its rich cultural diversity and strong sense of community. One of the oldest areas in the city, dating back to 1769, it was once home to the Tongva village of Otsungna and later became a hub for Mexican-American and Italian-American families after restrictive covenants were lifted in 1948. The neighborhood offers a dense suburban feel with a mix of modest single-family homes and small apartment buildings, many built between 1940 and 1969, set against scenic hillsides with stunning views of the San Gabriel Mountains and Downtown LA. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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