555-565 Norumbega Rd
Monrovia, CA 91016
Amazing Views & Quiet Location in Monrovia · Land For Sale · 10.41 AC

We are proud to announce an Exclusive One of Kind Hillside Monrovia Property with an Amazing Location, Almost 13 acres of Land, Beautiful Views & Potential to Build up to 8 Homes & 8 Guest Homes. Property Consist of 8 Separate 8 APN's: 8523-002-044 (and 045, 034, 024, 020, 015, 014 and 011). There is nothing else like this property in Monrovia or surrounding communities. Property is one of kind and has numerous potential uses including the development of homes, creation of a private Oasis for person and potentially business use, private camp or retreat, Filming or Special Events, AIR BNB, 1031 Exchange, or just plain old investment for a long term hold. All Buyer's should investigate all potential uses with the city, county, and state to determined what can be done with the site. It is almost impossible to live in the hillside of Monrovia & have a nice house with approximately 13 acres of developable land. It is even more difficult to find this behind a private gate off a well recognized street. Imagine enjoying the beauty of Monrovia Canyon & the views of Los Angeles & still be able to get to Old Town within 5 minutes. This Property would cost millions more in the adjacent Foothill Communities. This Private Oasis is approximately 13 acres of land and has its' own Solar System Pad allowing you to disconnect from the public utilities & live off the grid should. Water/Sewer are connected and extend up to the upper part of the land. The Property has a completely upgraded 1462 square foot 2 bedroom 2 Bath home & can easily be expanded up to 1000 square feet by finishing the lower level. It will probably cost around $50,000 to finish the lower level. Based on a conceptual grading plan, 8 Homes can be built on the property each with approximately 2750 square feet. Each house may also be able to have a separate Guest Home. All Buyers shall completed their own due diligence & investigations to determine what can be built on the property. We will help you navigate the City to develop the property. Some initial studies have been completed and the conceptual grading plan has been review informally by the city. There is a potential to break the property up and remove the house from the transaction. This will bring down the purchase price for the remaining land. Seller may also consider Seller Financing with Large Down Payment.