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$ 2,300,000
Est. payment | /mo
0.69 Acres Lot
$ 2,300,000
Est. payment | /mo
0.69 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25569221
HOA Y/N No
Lot Size 0.694 Acres
Acres 0.69
Property Sub-Type Unimproved Land
Property Description
We are pleased to present 2429 Central Avenue, a rare infill multifamily development opportunity located in the heart of South El Monte, which can be purchased with 2503 Central Avenue, located on the same block. Just south of the intersection of Central Avenue and Rosemead Boulevard, the property enjoys exceptional visibility, immediate access to the 60, 10, and 605 Freeways, and is surrounded by a mix of established neighborhoods, industrial employers, and major retail corridors. Zoned SER3* (Multi-Family Residential), the site spans approximately 30,233 square feet (0.69 acres) with 100 feet of frontage along Central Avenue and a depth of approximately 510 feet. This oversized lot offers a wide range of development possibilities including apartments, duplexes, or townhomes. The parcel is level and includes an existing residential structure that may offer interim rental income or serve as a short-term owner-occupant solution during entitlement or design phases. Importantly, the property may qualify for additional density under SB 1211, California's new pro-housing legislation aimed at streamlining infill development in transit-rich and jobs-adjacent areas. For developers, this provides an opportunity to unlock greater unit potential and accelerate project timelines, maximizing
Location
State CA
County Los Angeles
Zoning SER3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 8103023025
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Listed by Oscar Diaz • Marcus & Millichap
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