Listed by eXp Realty of California, Inc, eXp Realty of California Inc
$598,000
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
Listing Contacts
Listed by eXp Realty of California, Inc, eXp Realty of California Inc
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