• Marengo Street City Terrace, CA 90063

  • $550,000
  • 0
    Sq Ft
  • 29127
    Sqft
  • Listed By: Roland Castelar, Engel & Voelkers Pasadena, DRE #01170252
  • Source: CRMLS

Exciting Development Opportunity in City Terrace - Three Adjacent Hillside Lots with Spectacular Views, Totaling 29,127 sqft! We present an extraordinary investment proposition tailored for developers and investors seeking a remarkable opportunity. Nestled in City Terrace, this offering comprises three contiguous lots with a combined area of 29,127 sqft. Perched on a hillside, the location offers breathtaking 180-degree views of the surrounding University hills and the prestigious CSULA (Cal State University Los Angeles). The potential for this property knows no bounds, allowing for a multitude of possibilities. With its proximity to CSULA, there exists the exciting prospect of developing student housing to cater to the university's growing population. Alternatively, the site holds great promise for residential development, making it an attractive venture for those seeking to create a vibrant community. These exceptional lots provide a canvas upon which visionary developers and investors can leave their mark. Capture the attention of those who value both natural beauty and strategic location, and seize the opportunity to shape the future of this remarkable locale. For more information and to explore this incredible development opportunity, please contact us. Together, let's transform possibilities into reality. Potential Buyers to verify any restriction and city ordinances regarding redevelopment and/or improvement to there satisfaction.

Property Type :

Land

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Land

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Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source : Public

Sewer : None

Fencing

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.6687

Lot Size Source: Public Records

Lot Size Square Feet: 29127

Listing Price Information

Original List Price: 550,000

Listing Contract Date: 2024-01-12

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5229010018

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: ELA - East Los Angeles

Directions: On Marengo Southside of 10 freeway, West of City Terrance Drive (West of Harrison Elementary School)

Zoning: LCC2VV

Source Property Type: Land

Area: ELA - East Los Angeles

Building and Construction

Year Built Source: Vendor Enhanced

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1052 N Bonnie Beach Pl, City Terrace, CA,90063 $135,000 -- -- -- 5279 Sqft
1167 Geraghty Avenue, City Terrace, CA,90063 $849,900 3 2 1,500 5425 Sqft
4400 S Ramona, City Terrace, CA,90063 $235,000 -- -- -- 3856 Sqft
1001 N Eastman, City Terrace, CA,90063 $49,900 -- -- -- 3570 Sqft
945 Miller Avenue, City Terrace, CA,90063 $185,000 -- -- -- 8357 Sqft
1020 N Gage Avenue, City Terrace, CA,90063 $130,000 -- -- -- 5389 Sqft
1155 Stringer Avenue, City Terrace, CA,90063 $150,000 -- -- -- 3995 Sqft
1541 Helen Drive, City Terrace, CA,90063 $699,950 3 2 1,161 4064 Sqft
1541 Helen Drive, City Terrace, CA,90063 $699,950 3 2 1,161 4064 Sqft
1 N Rowan Ave, City Terrace, CA,90063 $89,888 -- -- -- 7124 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/07/2024 @ 05:26

MLS: P1-16192
LISTED BY: Roland Castelar, Engel & Voelkers Pasadena
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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