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524 Washington

Montebello, CA 90640
  • $3,250,000
  • STATUS: ACTIVE
  • ON SITE: 32 Days
  • ID#: RS22148109
Price Reduced
UPDATED: 28 min ago
$3,250,000
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

The property was recently entitled to build a 53 unit branded Hotel. During the pandemic the delays let a few permits lapse, so the owner decided not to move forward. However, whoever purchases the property will have full access where the owner left off and can continue the project at their own expense. the property is being sold as-is. This is a very rare and hard to find a large corner located on major street in Montebello CA on Washington Blvd., profile shows is c2 zone, cross from best inn, huge lot of 23000 sf.(100.5' x 223.5'), good for shopping center / retail strips. There was a sandwich store and barber shop, both stores had been running the business for many years, rent approx. 1600/m0. please verify zoning information with city. value in the land, great deal for investors.. The property was recently entitled to build a 53 unit branded Hotel. During the pandemic the delays let a few permits lapse, so the owner decided not to move forward. However, whoever purchases the property will have full access where the owner left off and can continue the project at their own expense. the property is being sold as-is. This is a very rare and hard to find a large corner located on major street in Montebello CA on Washington Blvd., profile shows is c2 zone, cross from best inn, huge lot of 23000 sf.(100.5' x 223.5'), good for shopping center / retail strips. There was a sandwich store and barber shop, both stores had been running the business for many years, rent approx. 1600/m0. please verify zoning information with city. value in the land, great deal for investors..

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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524 Washington Montebello, CA 90640

  • Price: $3,250,000
  • Status: ACTIVE
  • On Site: 32 Days
  • Updated: 28 min ago
  • ID#: RS22148109
0
Beds
0
Baths
0
½ Baths
0.53
Acres
Neighborhood:
Montebello (90640)
County:
Los Angeles
Area:
Montebello (90640)
Property Description
The property was recently entitled to build a 53 unit branded Hotel. During the pandemic the delays let a few permits lapse, so the owner decided not to move forward. However, whoever purchases the property will have full access where the owner left off and can continue the project at their own expense. the property is being sold as-is. This is a very rare and hard to find a large corner located on major street in Montebello CA on Washington Blvd., profile shows is c2 zone, cross from best inn, huge lot of 23000 sf.(100.5' x 223.5'), good for shopping center / retail strips. There was a sandwich store and barber shop, both stores had been running the business for many years, rent approx. 1600/m0. please verify zoning information with city. value in the land, great deal for investors.. The property was recently entitled to build a 53 unit branded Hotel. During the pandemic the delays let a few permits lapse, so the owner decided not to move forward. However, whoever purchases the property will have full access where the owner left off and can continue the project at their own expense. the property is being sold as-is. This is a very rare and hard to find a large corner located on major street in Montebello CA on Washington Blvd., profile shows is c2 zone, cross from best inn, huge lot of 23000 sf.(100.5' x 223.5'), good for shopping center / retail strips. There was a sandwich store and barber shop, both stores had been running the business for many years, rent approx. 1600/m0. please verify zoning information with city. value in the land, great deal for investors..
Exterior Features

Site Curbs

Property Features

Cfd Mello Roos Fee 1726.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0 Miscellaneous Value in Land Terms CashConventionalExchange Utilities Available N/K

San Diego MLS logo Listing provided courtesy of Tcb Real Estate Services. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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