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- LoopNet Team
Garvey Ave
Rosemead, CA 91770
CALL FOR OFFERS (STARTING JANUARY 1, 2024) · Land For Sale
·
4.66 AC
INVESTMENT HIGHLIGHTS
- Rare Large-Scale Development in a Central West San Gabriel Valley Location
- The Garvey Avenue Specific Plan Allows Flexible Land Uses
- High Identity Site on a Major Intersection
- Opportunity to Design a Phased Development with Product Mix Variation
PROPERTY FACTS
DESCRIPTION
For Offering Memorandum: https://my.rcm1.com/handler/modern.aspx?pv=tK9yTMSlZxpRH2eUvydMOwgiXl8zX7f7vbq_qo8Duxc#_top The Property represents a rare large-scale, mixed-use development opportunity on ±4.75 gross acres at a premier location in the heart of West San Gabriel Valley. The Property’s development potential is ±621,000 SF with an estimated 380 units or more of multifamily housing and additional commercial space for a variety of uses. The Property may be considered a gateway catalyst site opportunity at the eastern node of the Garvey Avenue Specific Plan. A well-executed project should be able to become a trophy institutional asset that can be held for generations. The Property consists of six (6) contiguous parcels totaling ±207,127 square feet (±4.75 acres) of undeveloped land with an estimated ±168,878 square feet (±3.88 acres) of net developable land area. The Property has ±274 feet of frontage on San Gabriel Blvd. and ±275 feet on Garvey Ave. An existing mobile home park with an additional ±156,510 square feet (±3.59 acres) of land contiguous with the subject property may be assembled.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $3,783,891 | Total Assessment | $3,783,891 |
PROPERTY TAXES
