Claremont, CA 91711,1364 N Towne AVE
Claremont, CA 91711,1364 N Towne AVE
Claremont, CA 91711,1364 N Towne AVE
Claremont, CA 91711,1364 N Towne AVE
Claremont, CA 91711,1364 N Towne AVE
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$4,550,000

$4,850,213

6.2%
Est.Price: ?

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Est. payment /mo

1.89 Acres Lot


SOLD DATE : 07/13/2023

Key Details

Sold Price $4,550,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV23006997

Sold Date 07/13/23

HOA Y/N No

Lot Size 1.887 Acres

Property 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.

Location

State CA

County Los Angeles

Area 683 - Claremont

Zoning RM2000

Interior

Fireplace No

Exterior

Community Features Sidewalks

View Y/N Yes

View Neighborhood

Building

Lot Description Lot Over 40000 Sqft, Rectangular Lot

Water Public

New Construction No

Others

Senior Community No

Tax ID 8303026011

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Covarrubias • MARCUS & MILLICHAP • 626-319-2479
Bought with General NONMEMBER • NONMEMBER MRML
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