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$ 1,580,000
Est. payment /mo
Price Dropped by $70K
5826 Cloverly AVE Temple City, CA 91780
8,585 Sqft Lot
UPDATED:
12/18/2024 08:07 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24175560
HOA Y/N No
Lot Size 8,585 Sqft
Property Description
Here's a revised real estate description focusing on the investment opportunity:
Prime Development Opportunity in Temple City! This property at 5826 Cloverly Avenue offers an exceptional chance to capitalize on an already approved 5-unit condo project. The plans are fully approved, allowing for the immediate construction of two-story condos with a total building area of 6,086 square feet. Each unit ranges from 1,180 to 1,332 square feet, featuring 2 parking spaces per unit and an additional 3 guest parking spaces within the complex. There is also ample street parking available.
Located in a high-demand area next to Ralphs, this property is within walking distance to shopping centers, restaurants, and other local amenities, making it a highly desirable location for future residents.
Whether you're looking to build and sell or add to your investment portfolio, this opportunity is ready to go. Permits are ready, and construction can begin upon the close of escrow. Don't miss out on this rare opportunity to develop in one of Temple City's most sought-after locations.
Prime Development Opportunity in Temple City! This property at 5826 Cloverly Avenue offers an exceptional chance to capitalize on an already approved 5-unit condo project. The plans are fully approved, allowing for the immediate construction of two-story condos with a total building area of 6,086 square feet. Each unit ranges from 1,180 to 1,332 square feet, featuring 2 parking spaces per unit and an additional 3 guest parking spaces within the complex. There is also ample street parking available.
Located in a high-demand area next to Ralphs, this property is within walking distance to shopping centers, restaurants, and other local amenities, making it a highly desirable location for future residents.
Whether you're looking to build and sell or add to your investment portfolio, this opportunity is ready to go. Permits are ready, and construction can begin upon the close of escrow. Don't miss out on this rare opportunity to develop in one of Temple City's most sought-after locations.
Location
State CA
County Los Angeles
Area 661 - Temple City
Zoning TCR3YY
Interior
Fireplace No
Exterior
Community Features Street Lights
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre
Water Private
New Construction No
Others
Senior Community No
Tax ID 8587012024
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by QIANG ZHANG • Harvest Realty Development • 626-203-2877