306 S Arroyo Drive, San Gabriel CA, 91776

Sold

306 S Arroyo Drive

San Gabriel CA, 91776

$4,750,000

$74.54 per sqft

Sold

1.46 Acres

Land

Listed by KATHLEEN MUELLER with MUELLER REALTY 626-576-8901

ATTENTION BUILDERS AND DEVELOPERS! Not many opportunities like this come available so grab it while you can! Nearly 1.5 acres in the Heart of San Gabriel ripe for development. These three (3) parcels (270-278, 306 and 308 S Arroyo; APN's 5346-024-018; 5346-024-017; 5346-024-016) offer 63,750 square feet (per assessor) with 255 foot frontage, zoned R3 Arroyo Residential within the Mission District Specific Plan. With the Density Bonus, the City of SG Planning Department says a MAXIMUM of 58 units may be built. Of course, the Buyer is to satisfy themselves as to development possibilities, uses, density, etc. so please do check with the Planning Department before writing an offer. There are currently two houses and four units on the property, all tenant occupied (with DOGS!) so please be considerate and DO NOT WALK OR DRIVE ON THE PROPERTY without an appointment. These three lots must be sold together, owner will not consider selling individually so please don't ask. You know the drill, AS IS, no repairs or termite clearance, land value only. Let's work together to bring more quality developments to our fine city!

WS14196035

MLSⓇ ID

March 18, 2024

Updated

Map

306 S Arroyo Drive
San Gabriel CA, 91776

Exterior/Building Features

Lot Size: 1.46 Acres
Lot Features: Gentle Sloping, Lot Over 40000 Sqft, Near Public Transit, Paved, Rectangular Lot, Sloped Up, Tear Down, Trees, Value In Land

Other Property Details

Area Name: 654 - San Gabriel
Days on Market: 42
Garage: No
View: No
View Description: None
County: Los Angeles
Pool: No
Zoning: R3 Arroyo

Listing Contact: 626-576-8901

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 6:32 PM UTC