5826 Cloverly, Property Listing: MLS® #OC24175560

Heres a revised real estate description focusing on the investment opportunity: Prime Development Opportunity in Temple City! This property at 5826 Cloverly Avenue offers an exceptional chance to capitalize on an already approved 5-unit condo project. The plans are fully approved, allowing for the immediate construction of two-story condos with a total building area of 6,086 square feet. Each unit ranges from 1,180 to 1,332 square feet, featuring 2 parking spaces per unit and an additional 3 guest parking spaces within the complex. There is also ample street parking available. Located in a high-demand area next to Ralphs, this property is within walking distance to shopping centers, restaurants, and other local amenities, making it a highly desirable location for future residents. Whether you're looking to build and sell or add to your investment portfolio, this opportunity is ready to go. Permits are ready, and construction can begin upon the close of escrow. Dont miss out on this rare opportunity to develop in one of Temple City's most sought-after locations.

5826 Cloverly, Property Listing: MLS® #OC24175560 Close
Page Summary
NEW
  • MLS® #: OC24175560
  • 5826 Cloverly
  • , CA 91780
  • $1,650,000
  • 8586 SqFt, 0.20 Acres
  • Office: Harvest Realty Development

Heres a revised real estate description focusing on the investment opportunity: Prime Development Opportunity in Temple City! This property at 5826 Cloverly Avenue offers an exceptional chance to capitalize on an already approved 5-unit condo project. The plans are fully approved, allowing for the immediate construction of two-story condos with a total building area of 6,086 square feet. Each unit ranges from 1,180 to 1,332 square feet, featuring 2 parking spaces per unit and an additional 3 guest parking spaces within the complex. There is also ample street parking available. Located in a high-demand area next to Ralphs, this property is within walking distance to shopping centers, restaurants, and other local amenities, making it a highly desirable location for future residents. Whether you're looking to build and sell or add to your investment portfolio, this opportunity is ready to go. Permits are ready, and construction can begin upon the close of escrow. Dont miss out on this rare opportunity to develop in one of Temple City's most sought-after locations.

Supplemental Remarks

Essential Information

  • MLS® #OC24175560
  • Listing Price$1,650,000
  • Original Listing Price$1,650,000
  • List Price per Square Foot$192.17
  • Date ListedAugust 23rd, 2024
  • Days on Market2
  • Square Footage8,586
  • Acres0.20
  • Lot Sq.Ft.8,586
  • TypeLot / Land
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address5826 Cloverly
  • AreaTEMPLE CITY (91780)
  • CountyLos Angeles
  • StateCA
  • Zip Code91780
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Listing information last updated on November 27th, 2024 at 7:23am PST.