Monterey Park CA Real Estate & Land for Sale

Entitled and ready to submit more drawings for permit to built 40 units residential senior condo units, The project offer the investor an opportunity to acquire a development that eliminates any entitlement risk of building less less units, saving you money ,wait time and carrying cost. The project consists of 3 parcels of land (5257-004-019,020,021) totaling 35,520 square feet of R-3 land. Located in the hart of Monterey Park, South/Garvey Ave. and Eastof Atlantic Blvd. Close to newly built Hotel, Market, Bus Stop, Banks and many more. The project will feature 36,191 square feet of residential divided into 3 levels ground floor 9 units, Manager's unit plus Community room, second level 15 units, third level 16 units. Total of 40 units, 37 units are 2Br/2Ba, 3 units are 1Br/1Ba. For garage area are 26,260 square feet of subterranean parking, with electric car plug in area, bicycle parking and 81 parking spaces.

Unique piece of land located in One of America's Best Places to Live and Raise a Family rated by Time/ Money Magazine. Located in the hills of Monterey Park with panoramic views of the city, close to Freeway access to the 10, 60 and 710, close to Transportation and Downtown Los Angeles. City of Monterey Park permits land to be split into 2 parcels to build 2 houses, Buyers and Agent to Verify and Confirm with the City of Monterey Park.