Marengo Street, City Terrace

$550,000

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0 Bed
0 Bath
.67 Acre
0 Garage

Exciting Development Opportunity in City Terrace - Three Adjacent Hillside Lots with Spectacular Views, Totaling 29,127 sqft! We present an extraordinary investment proposition tailored for developers and investors seeking a remarkable opportunity. Nestled in City Terrace, this offering comprises three contiguous lots with a combined area of 29,127 sqft. Perched on a hillside, the location offers breathtaking 180-degree views of the surrounding University hills and the prestigious CSULA (Cal State University Los Angeles). The potential for this property knows no bounds, allowing for a multitude of possibilities. With its proximity to CSULA, there exists the exciting prospect of developing student housing to cater to the university's growing population. Alternatively, the site holds great promise for residential development, making it an attractive venture for those seeking to create a vibrant community. These exceptional lots provide a canvas upon which visionary developers and investors can leave their mark. Capture the attention of those who value both natural beauty and strategic location, and seize the opportunity to shape the future of this remarkable locale. For more information and to explore this incredible development opportunity, please contact us. Together, let's transform possibilities into reality. Potential Buyers to verify any restriction and city ordinances regarding redevelopment and/or improvement to there satisfaction.

Essential Information

MLS® #
P1-16192
Price
$550,000
Bathrooms
0.00
Acres
0.67
Type
Land
Status
Active

Community Information

Address
Marengo Street
Area
ELA - East Los Angeles
Subdivision
Not Applicable
City
City Terrace
County
Los Angeles
Zip Code
90063
Senior Community
N

Community Features

Curbs, Street Lights, Sidewalks

Amenities

Utilities
None, Sewer Not Available
View
City Lights

Exterior

Lot Description
0-1 Unit/Acre, Sprinklers None

Additional Information

Date Listed
January 12th, 2024
Days on Market
123
Zoning
LCC2VV

Listing Details

Agent
Roland Castelar
Office
Engel & Voelkers Pasadena

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Based on information from California Regional Multiple Listing Service, Inc. as of May 16th, 2024 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.