Walnut, CA,1 Amar RD

$2,000,000

$3,000,000

33.3%
Est.Price: ?

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Est. payment /mo

4.34 Acres Lot


SOLD DATE : 02/28/2020

Key Details

Sold Price $2,000,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW18291522

Sold Date 02/28/20

HOA Y/N No

Lot Size 4.340 Acres

Acres 4.34

Property Description

This attractive in-fill parcel was created by Tract Map 41048 in 1985. The parcel is a gently sloping 4.34 acres. The current zoning is Residential Planned Development (RPD)(37,000 – 1.0 DU). Under this existing zoning, the parcel should accommodate up to 4 residential lots via a parcel map. Effective January 1, 2018, all properties zoned single-family residential are allowed by right to develop an accessory dwelling unit (ADU) on each legal lot. ADU’s are allowed to be built concurrently with a single-family home making the development potential for this in-fill parcel up to 8 dwelling units. The development of this parcel will require issuance of permit or permits, or other grant or grants of approval by the City of Walnut.
The development opportunity beyond the existing RPD (37,000 – 1.0 DU) designation would require City discretionary action for a Rezone and General Plan Amendment. The property owner may entertain conditional offers requiring entitlement processing subject to acceptable terms.

Location

State CA

County Los Angeles

Area 668 - Walnut

Zoning RPD

Interior

Fireplace No

Exterior

Community Features Suburban, Park

View Y/N Yes

View Park/Greenbelt

Building

Lot Description 36-40 Units/Acre, Corner Lot, Level, Near Park

Water Public

New Construction No

Others

Senior Community No

Tax ID 8709068016

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Meewan Kay Lee • Reliance Real Estate Services
Bought with Kay Meewan Lee • Reliance Real Estate Services

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