The Hirth Group is pleased to present 4526 Santa Anita Avenue, a multifamily development opportunity located in El Monte, California. Offered at $1,989,000, the property provides an investor or developer the opportunity to acquire a substantial infill site with architectural plans for the development of 14 residential units totaling approximately 16,020 square feet of residential area. The proposed development consists of 14 residences distributed across five structures, with a unit mix consisting of ten approximately 1,200-square-foot residences and four approximately 1,005-square-foot residences. The plans contemplate a combination of two- and three-story residences with private garage parking, providing a lower-density residential product differentiated from a traditional stacked multifamily development.At the asking price, the property is offered at approximately $142,071 per proposed unit, $124 per proposed buildable square foot and $70 per square foot of land, providing developers with an attractive basis for a 14-unit residential project in the San Gabriel Valley.The existing architectural package represents significant upfront planning and design work and includes architectural, structural, mechanical, electrical, plumbing and landscape components. The plans also include Conditions of Approval and various Building and Planning Department correction sets. Prospective purchasers should independently verify the current status of all plans, entitlements, permits, conditions of approval and development requirements directly with the City of El Monte.4526 Santa Anita Avenue presents a compelling opportunity for a multifamily or residential developer seeking a defined development program, substantial existing architectural work and an attractive per-unit land basis within an established infill Los Angeles County submarket.
Based on the average sale price from the Beverly Hills, CA office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
4526 Santa Anita Ave El Monte, CA is a Single Family Home for sale at $1989000 and a lot size of 0.0153 Acres Acre(s). 4526 Santa Anita Ave El Monte has 0 bedrooms, 0 baths . The property's zip code is 91731 which is in El Monte, CA
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.