1123 N Stoneman Ave, Alhambra, CA 91801

Description

Developer’s Opportunity! Location, Location, Location! Rare Land-Value Offering in Prestigious North Alhambra! An exceptional redevelopment opportunity awaits
in the highly desirable Bean Tract of North Alhambra, ideally positioned near the borders of San Marino and South Pasadena. Set on a deep lot within one of
Alhambra’s most sought-after residential neighborhoods, this R-3-zoned property presents outstanding potential for a thoughtfully designed multifamily
development. The seller has prepared a conceptual site plan. It subject to all applicable requirements and City approval. Conceptual plans and additional
development information are available in the listing supplements for review. The property is currently improved with a three-bedroom, two-bathroom residence
and is offered for land value in its present “AS IS” condition. The property is tenant-occupied. Drive-by only—please do not enter the property or disturb the
occupants. The premier location offers convenient access to upscale shopping, dining, schools, parks, and major transportation routes, with excellent connectivity
to San Marino, South Pasadena, Pasadena, and Downtown Los Angeles. This distinguished offering represents a rare opportunity for developers, builders, and
investors to create a desirable residential community in a prime North Alhambra setting. Buyer and buyer’s representatives are advised to independently verify
zoning, allowable density, development standards, conceptual plans, square footage, parking requirements, California Density Bonus eligibility, City requirements,
and all other development possibilities with the City of Alhambra and appropriate professionals. No representation or guarantee is made regarding the feasibility,
entitlement, or approval of any proposed development.