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- LoopNet Team
616 N New Ave
Monterey Park, CA 91755
616 New Ave & 1110 E Hellman Ave · Land For Sale
·
0.71 AC
INVESTMENT HIGHLIGHTS
- Potential to Develop Mixed-Income or 100% Affordable Housing Community with AB 2011.
- Less than 0.5 Miles to the Metro Bus Line 70 - Connecting El Monte to Downtown Los Angeles.
- Less than 4 Miles to East Los Angeles College.
- Located within High Resource Area along a Desirable Commercial Corridor.
- Excellent Proximity to Alhambra, San Gabriel, Rosemead, Pasadena, and Downtown Los Angeles.
- Desirable Dense Infill Development Site.
PROPERTY FACTS
DESCRIPTION
Marcus & Millichap is pleased to present the opportunity to purchase 616 N New Avenue & 1110 E Hellman Avenue, a 0.71-acre infill development site located in the city of Monterey Park, California. The Site is located in a compelling location on the southeast corner of New Avenue and Hellman Avenue, on the border of Alhambra and Rosemead. The offering provides the opportunity to build commercial by-right or multifamily through Assembly Bill 2011 with the potential to maximize the number of units through the State Density Bonus.
PROPERTY TAXES
| Parcel Number | 5286-010-018 | Improvements Assessment | $0 |
| Land Assessment | $499,655 | Total Assessment | $499,655 |
PROPERTY TAXES
