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Additional details
$ 1,595,000
Est. payment /mo
New
150 Cornell Claremont, CA 91711
9,048 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26158797
Lot Size 9,048 Sqft
Property Sub-Type Lots/Land
Property Description
Claremont Village Development Opportunity - MU-60 Zoning Rare vacant lot in the heart of Claremont Village with strong development upside. Position yourself in one of the most supply-constrained and high demand submarkets in the Inland Empire with this rare infill development opportunity in the heart of Claremont Village. This vacant lot is fully positioned for a high-yield mixed-use or multifamily development, with favorable zoning and clear density guidance from the City of Claremont. Zoning: MU-60 (Mixed-Use) Up to 5 stories allowed / 60 ft/ 8,747 SF 1 unit per 750 NET SF City indicates up to 9 units / Single-family not permitted Investor Highlights: ? Prime walkable Village location ? Mixed-use or multifamily potential ? Strong rent & resale demand ? Multiple exit strategies (build-to-rent, condos, mixed-use) ? One of the last infill parcels available With up to 9 units allowed, developers can capitalize on: * High per-door value in a premium walkable location * Favorable unit mix potential(market-rate rentals, condos, or live/ work) Multiple Exit Strategies * Build-to-rent for long-term cash flow * Build-to-Sell (condos/townhomes) in a supply-limited market * Mixed-use retail + residential for diversified income streams Premium Location = Rent & Value Premium Claremont Village consistently commands: * Above-average rents compared to surrounding submarkets * Stong tenant demand driven by proximity to Pomona College, Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College and Keck Graduate Institute, retail, and tran
Location
State CA
County Los Angeles
Direction Cornell Ave is located 2 blocks west of Indian Hills Blvd off of Bonita Ave. in Claremont.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 8313011021
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Listed by Pamela Chyba, DRE#01273673 California LWF INC
NEARBY SCHOOL & BUSINESS
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