Price Reduced Listing
1123 N Stoneman Avenue,Alhambra, CA 91801
Alhambra, CA 91801
Description
Developer's Opportunity! Location, Location, Location! Rare Land-Value Offering in Prestigious North Alhambra! An exceptional redevelopment opportunity awaits in the highly desirable Bean Tract of North Alhambra, ideally positioned near the borders of San Marino and South Pasadena. Set on a deep lot within one of Alhambra's most sought-after residential neighborhoods, this R-3-zoned property presents outstanding potential for a thoughtfully designed multifamily development. The seller has prepared a conceptual site plan. It subject to all applicable requirements and City approval. Conceptual plans and additional development information are available in the listing supplements for review. The property is currently improved with a three-bedroom, two-bathroom residence and is offered for land value in its present "AS IS" condition. The property is tenant-occupied. Drive-by only-please do not enter the property or disturb the occupants. The premier location offers convenient access to upscale shopping, dining, schools, parks, and major transportation routes, with excellent connectivity to San Marino, South Pasadena, Pasadena, and Downtown Los Angeles. This distinguished offering represents a rare opportunity for developers, builders, and investors to create a desirable residential community in a prime North Alhambra setting. Buyer and buyer's representatives are advised to independently verify zoning, allowable density, development standards, conceptual plans, square footage, parking requirements, California Density Bonus eligibility, City requirements, and all other development possibilities with the City of Alhambra and appropriate professionals. No representation or guarantee is made regarding the feasibility, entitlement, or approval of any proposed development.
Details
| MLS # | AR26190554 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1939 |
| Days On Site | 31 |
| Listing Provided By | Re/Max Premier Properties | Lei Shen |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,389 |
| Garage | 2 |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 0.22 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre, Front Yard |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Alhambra |
| Zip Code | 91801 |
| Area | 601 Alhambra |
| Listing VS Median (in 91801) | |
Price: $1,280,000 low | high Med: $749,888 sqft: 1,389 low | high Med: 1,119 $ / sqft: $922 low | high Med: $670 On site: 31 low | high Med: 141 | |
Market Activity 91801
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Alhambra |
| Zip Code | 91801 |
| Area | 601 Alhambra |
| Listing VS Median (in 91801) | |
Price: $1,280,000 low | high Med: $749,888 sqft: 1,389 low | high Med: 1,119 $ / sqft: $922 low | high Med: $670 On site: 31 low | high Med: 141 | |
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