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32982354
32982365

948 W Newmark, Monterey Park, CA 91754

CY
CA CA 01897557
eXp Realty of California, Inc
JT
02151694
eXp Realty of California Inc
Listed by eXp Realty of California, Inc, eXp Realty of California Inc
$598,000
9 days on market
Updated 4 days ago

948 W Newmark

Details
APN 5261010055
Property Type Land
Sub Type Lots/Land
Acreage 0.980

Land | 0.98 acres

Marketing description

What if your next dream home started with nearly one acre of breathtaking hillside land overlooking the San Gabriel Valley mountains? Rare opportunity to own nearly one acre of hillside land in one of Monterey Park's most desirable neighborhoods. Spanning approximately 42,701 square feet (0.98 acres), this R-1 zoned parcel offers breathtaking 180-degree panoramic views of the San Gabriel Valley, city lights, mountain vistas, and spectacular sunsets. Perched above the surrounding neighborhood, this unique property presents an exceptional opportunity to build a custom dream estate, private hillside retreat, or explore future development possibilities. The lot's size, frontage, and location may offer potential for lot split opportunities such as SB-9 and additional residential development, including ADUs, subject to buyer verification and approval from the appropriate governmental agencies. Located within the highly regarded Alhambra Unified School District and surrounded by established residential homes, this property combines privacy, convenience, and long-term upside. Vacant land of this size and caliber is becoming increasingly difficult to find in Monterey Park, making this a truly unique offering for builders, developers, investors, or owner-users seeking to create something special. Enjoy a premier location, stunning views, and endless possibilities. Buyers are advised to conduct their own independent investigations regarding zoning, lot dimensions, lot split potential, development opportunities, utility availability, permits, schools, and all aspects of the property.

Investment highlights

42,701 square feet, nearly 1 acre

Zoned R-1 Residential

Easy SB-9 split into 2 lots

Potential for 2-4 dwellings and ADUs

Potential for Pre-Fab Homes

Panoramic breathtaking Views of San Gabriel Valley

Prime Location for development in well established high demand community

Suburban Monterey Park close to downtown Los Angeles with top-rated Alhambra school district

Multi-home development opportunity with high resale value

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Listing Contacts

CY
CA CA 01897557
eXp Realty of California, Inc
JT
02151694
eXp Realty of California Inc
Listed by eXp Realty of California, Inc, eXp Realty of California Inc

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Additional Information

Name
Clarence Yeung
License
CA 01897557
Brokerage
eXp Realty
Brokerage Phone
6266960115
Title
Broker Associate
Brokerage Address
205 South Chapel Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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