Development Opportunity Package SUBJECT: (as is SFR) 306 San Marcos St. San Gabriel CA 91776 3/1 1759 HUGE LOT 20,473 R3 Zoned ZONING: PLEASE SEE ATTACHED DOCS! (And link). * Property Profile * Zoning For R-3 from City of San Gabriel Mission District Specific Plan ~ Land Use R3 Arroyo Residential sangabrielcity/DocumentCenter/Home/View/372 PROPOSAL: 1. Develop 11 units 3/2 Townhouses- 11 units total Perfect Example:(318 San Marcos St San Gabriel CA 91776) 2.Develop 7 3/2 condos and 4 2/2 condos - 11 units total Example:(300 San Marcos St San Gabriel CA 91776) COMPS:(for new Development) * 817 Padilla St. San Gabriel CA 91776-$3,688,000-1/26/14 redfin/CA/San-Gabriel/817-Padilla-St-91776/home/7021959 * 925 Edith Ave Alhambra CA 91803-$3,750,000-9/18/13 redfin/CA/Alhambra/925-Edith-Ave-91803/unit-K/home/7024777 * 1408 New Ave San Gabriel CA 91776-$5,950,000-Active redfin/CA/San-Gabriel/1408-New-Ave-91776/home/7031258 * $5,500,000 net if sold each unit for $500k PRICE PER CONDO: 1. SOLD $535,000k 10/10/13 (Townhouse) 305 San Marcos St Unit A-3/2 2. SOLD $440,000k 11/15/13 (Condo) 312 S. Arroyo Dr. Apt C- 3/2 3.SOLD $358,000k 328 San Marcos StAPT A, San Gabriel, CA 91776-2/1 PICS: Inline image 1 Inline image 6 ADDITIONAL INFO: Price $1,700,000 Located in the heart of the Mission District and within walking distance to Restaurants, Churches, Schools and shopping. Freeway close to downtown Los Angeles. One of the few remaining parcels in the area with this opportunity! -- This e-mail message, including all attachments, is for the sole use of the intended recipient(s) and may contain confidential information. Any unauthorized review, use, disclosure, alteration or distribution is strictly prohibited and may violate state or federal law. If you are not the intended recipient, please contact the sender by reply e-mail, delete this email and destroy all copies of the message. Thank you.
Posted on: Wed, 12 Mar 2014 06:08:30 +0000
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