Exclusive Listings

90042 Development or Creative Use

Address:
5933- 5939 Monterey Rd
Los Angeles, CA 90042
Price:
$2,300,000
Status:
Sold
Type:
Land
# Units:
3
Year Built:
1936
Building Size:
5,404
Lot Size:
22,728
CAP Rate:
N/A
GRM:
5x
Price/Unit:
Price/SqFt:
$101.20

Growth Investment Group is proud to offer this prime corner lot at the intersection of Avenue 60 and Monterey Rd, in the Hermon area of Highland Park & Los Angeles. The property is a great location, and center point between Highland Park and South Pasadena. Less than a mile from the all the new upcoming retail on Figueroa in Highland Park including Highland Park Metro Station, and 1 mile south of South Pasadena. A short distance from Downtown LA, and Old Town Pasadena. This property could be a perfectly utilized for a Small Lot Subdivision, or mixed- use commercial project. 

Property is currently two structures, with 5,408 Building SF, on a 22,728 SF Lot and zoned [Q]C4-1VL. Could be used as an office during the entitlement project or future development! Property could also be great for some form of creative use, for someone with a vision.

*Buyer to do their own investigations with regards to the zoning, current, and future use of the property.



Marketing Files


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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