$2,000,000
$3,000,000
33.3%For more information regarding the value of a property, please contact us for a free consultation.
1 Amar RD Walnut, CA
4.34 Acres Lot
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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Bought with Kay Meewan Lee • Reliance Real Estate Services