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150 Cornell Avenue

Claremont, CA 91711
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SqFt9,048

Sqft(Lot)

Claremont Village Development Opportunity-MU-60 Zoning Rare vacant lot in the heart of Claremont Village with strong development upside. Position yourself in one of the most supply-constrained and high demand submarkets in the Inland Empire with this rare infill development opportunity in the heart of Claremont Village. This vacant lot is fully positioned for a high-yield mixed-use or multifamily development, with favorable zoning and clear density guidance from the City of Claremont. Zoning: MU-60 (Mixed-Use) Up to 5 stories allowed / 60 ft/ 8,747 SF 1 unit per 750 NET SF City indicates up to 9 units/ Single-family not permitted Investor Highlights: ? Prime walkable Village location ? Mixed-use or multifamily potential ? Strong rent & resale demand ? Multiple e xit strategies (build-to-rent, condos, mixed-use) ? One of the last infill parcels available With up to 9 units allowed, developers can capitalize on: * High per-door value in a premium walkable location * Favorable unit mix potential(market-rate rentals, condos, or live/ work Multiple Exit Strategies * Build-to-rent for long-term cash flow * Build-to-Sell (condos/townhomes) in a supply-limited market * Mixed-use retail + residential for diversified income streams Premium Location: Claremont Village consistently commands: * Above-average rents compared to surrounding submarkets * Stong tenant demand driven by proximity to Pomona College, Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College and Keck Graduate Institute, retail, and transit * Low vacancy and stable absorption trends * Property is located directly across from the Claremont Police Dept. Zoning Advantage / Reduced Entitlement Risk * Established MU-60 zoning supports higher density *City acknowledgment of up to 9 units provides a clearer development path * Eliminates uncertainty typical wit rezoning plays Scarcity Factor * One of the last or the last remaining vacant parcels in the Village * Infill locations like this rarely trade, creating long-term appreciation upside Value-Add Potential * Vertical density (maximized 5-story envelope) * Ground-floor retail activation for additional NOI * Efficient unit design to optimized rent per SF * Condo mapping for premium exit pricing * Clear density upside * Flexible product strategy * Strong exit optionality

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Detail Ic Property Details

Property Type : Land

Price : $1,595,000

AD Id : 88284793

MLS Id : PW26158797

Lot Size : 9,048 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Lot Information

    Main Square Feet: 9048 Lot Size Acres: 0.2077 Lot Size Source: Assessor Lot Size Square Feet: 9,048 Lot Description: Level

  • Listing Price Information

    Listing Price: $1595000
    Cash, Conventional, FHA, UsdaLoan, VaLoan

  • Tax Information

    Parcel Number: 8313011021 Tax Lot: 18 Tax Block: 55

  • Location Information

    Direction: Cornell Ave is located 2 blocks west of Indian Hills Blvd off of Bonita Ave. in Claremont. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Land, Claremont, CA, 91711 $19,800 -- -- -- 2,660 Sqft(Lot)
1978 N Indian Hill, Claremont, CA, 91711 $499,000 -- -- -- 8,923 Sqft(Lot)
Baseline, Claremont, CA, 91711 $1,600,000 -- -- -- 20,239 Sqft(Lot)

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ByOwner last updated this listing 09/09/2026 @ 14:39

MLS: PW26158797 LISTED BY: Pamela Chyba, California LWF INC 855-456-4945 SOURCE: CRMLS

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