Property Detail

Description

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.