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Shawn Luong
Mobile Phone:
626-643-7090
reoagent@shawnluong.com

DRE# 00857818
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Shawn Luong
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Mobile Phone:
626-643-7090
reoagent@
shawnluong.com

DRE# 00857818
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Backup Offers
$1,670,000

1041 W Arrow Highway
Azusa, CA 91702

Land
Residence
0.6118
Acre Lot
1of
Photos
Map
Courtesy: OSCAR TREJO JR. - CENTURY 21 MASTERS
CRMLS Homeseekers> California> Azusa> 91702
**Attention developers, investors, and contractors** Property currently in operation as used car dealership w/ land ripe for development opportunity for any type of residential, commercial, or mixed use. Plans have been submitted to City of Azusa & have preliminary approval to build a 15 unit residential condominium project w/ 5 different 3 story floor plans totaling 24,245 sf to include 2,782 sf of private open space (balconies) & 1,475 sf of common open space. City will allow up 16 units should eventual Buyer request for an additional unit. Zoning is Arrow Hwy Corridor (CAH). Perfect for new trend of hybrid “Build to rent or Build to sell” ground up development project. Sellers will work w/ Buyer toward the land entitlement. Current proposed site map has a tentative tract map. Current comps support a total valuation of projected sell out at 8+ million dollars for all 15 units as proposed. Proposed floor plans range from smallest (1,255 sf) 2 bedroom 2.5 bathrooms, private laundry, 2 car garage to largest (1,915 sf) 4 bedroom 4 bathroom, private laundry, 2 car garage. Please review site plan for floor plans. Current proposed plans are conceptual and eventual buyer can make changes to design, building footprint, bedroom bathroom count to suit their own needs as plans are not set in stone at City. Property offers an abundance of other opportunity due to prime location on Arrow Hwy. For development, can be used for quick serve restaurants w/ drive thru or a car wash 4 example.
CV20007569
Land
Los Angeles
0.6118 Acres
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Data Provided by Onboard
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Courtesy: OSCAR TREJO JR. - CENTURY 21 MASTERS
Licensed in: DRE# 01253162
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