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- LoopNet Team
10561 Santa Fe Dr
El Monte, CA 91731
El Monte Gateway Project · Land For Sale
·
1.86 AC
INVESTMENT HIGHLIGHTS
- Very low vacancy in the area
- Fully entitled land
- Close to metro and busway
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 1.86 AC |
| Zoning | SP-1 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.86 AC |
| Zoning | SP-1 |
DESCRIPTION
The subject is part of a multi-phase master planned development known as The Gateway. The subject is currently a graded pad with all utilities stubbed to the property line. Horizontal infrastructure is in-place, but the roads have not yet been dedicated. The subject parcel is 400 feet west of Santa Anita Avenue and abuts the Rio Hondo water channel. It is accessed from Santa Fe Drive and there will be additional access as the development continues. The subject property- Parcel 2, is a proposed multi-family residential complex containing 212 residential apartment units. Located on 1.86 acres. It contains 1 residential building, which is 5 stories in height. The unit mix is generally typical for this suburban submarket, having a blend of studio, one-bedroom, and two-bedroom units with an average unit size of 813 square feet.
PROPERTY TAXES
| Parcel Number | 8578-022-002 | Improvements Assessment | $0 |
| Land Assessment | $7,793,510 | Total Assessment | $7,793,510 |
PROPERTY TAXES
