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1364 N Towne Ave
Claremont, CA 91711
1364 N Towne Ave, Claremont, CA 91711 · Land For Sale · 1.89 AC

Investment Highlights

  • Outstanding Location and High Barrier to Entry
  • 165 Feet of Frontage on Towne Avenue
  • Located Close to Historic Route 66, Interstate 210 and 10 Freeways
  • Opportunity to Develop Approx. 67+ Multi-Family Residential Units (Buyer to Verify)
  • Lot Size 1.89 Acres (82,207 Square Feet)
  • Over $124,000 Average Household Income Within 1-Mile Radius

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use Commercial
Total Lot Size 1.89 AC
No. Stories 1
Zoning RM2000

Description

We are pleased to present the rare opportunity to acquire 1364 North Towne Avenue in the city of Claremont, California. This multi-family land sits on 1.89 acres parcel with an existing 6,160 square feet church. The site is currently zoned RM2000. The City of Claremont is in process of adding an “Overlay 30” zoning. With this new “Overlay 30” zoning and bonus density options from the State of California, there is an opportunity to develop approximately 67+ units on this parcel. Please contact the City of Claremont Building and Planning to confirm zoning and development opportunities. The property is ideally located just north of Historic Route 66 and within close proximity to Interstate 210 and Interstate 10 Freeways which benefits commuters traveling in between cities in Greater Los Angeles Area and the Inland Empire. The property is surrounded by multiple highly rated private and public schools such as The Webb Schools, Mountain View Elementary School, El Roble Intermediate School, and Claremont High School, all within minutes’ drive from the property. The site is within walking distance to CVS, Walgreens Pharmacy, and Stater Brothers Markets. Other major department and grocery stores are located within a two-mile radius from the subject property, including Sprouts Farmers Market, Target, Marshalls, Amazon Fresh, and Michaels. For outdoor recreational activities, residents also enjoy the popular Claremont Hills Wilderness Park for hiking and mountain biking or take a walk in the California Botanic Garden. City of Claremont is a residential community nestled at the base of the San Gabriel Mountains on the eastern edge of Los Angeles County. The city distinguishes itself through its cohesive collection of distinct, well-maintained, and safe neighborhoods with diverse college and business community.

Property Taxes

Property Taxes

Parcel Number
8303-026-011
Land Assessment
$4,590,000
Improvements Assessment
$51,000
Total Assessment
$4,641,000
  • Listing ID: 27500585

  • Date on Market: 1/12/2023

  • Last Updated:

  • Address: 1364 N Towne Ave, Claremont, CA 91711

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