150 Cornell Ave, Claremont, CA 91711

Description

Claremont Village Development Opportunity-MU-60 Zoning
Rare vacant lot in the heart of Claremont Village with strong development upside. Position yourself in one of the most supply-constrained and high demand submarkets in the Inland Empire with this rare infill development opportunity in the heart of Claremont Village. This vacant lot is fully positioned for a high-yield mixed-use or multifamily development, with favorable zoning and clear density guidance from the City of Claremont.

Zoning: MU-60 (Mixed-Use)
Up to 5 stories allowed / 60 ft/ 8,747 SF
1 unit per 750 NET SF
City indicates up to 9 units/
Single-family not permitted

Investor Highlights:
? Prime walkable Village location
? Mixed-use or multifamily potential
? Strong rent & resale demand
? Multiple exit strategies (build-to-rent, condos, mixed-use)
? One of the last infill parcels available
With up to 9 units allowed, developers can capitalize on:
* High per-door value in a premium walkable location
* Favorable unit mix potential(market-rate rentals, condos, or live/
work
Multiple Exit Strategies
* Build-to-rent for long-term cash flow
* Build-to-Sell (condos/townhomes) in a supply-limited market
* Mixed-use retail + residential for diversified income streams

Premium Location:
Claremont Village consistently commands:
* Above-average rents compared to surrounding submarkets
* Stong tenant demand driven by proximity to
Pomona College, Claremont Graduate University, Scripps
College, Claremont McKenna College, Harvey Mudd College,
Pitzer College and Keck Graduate Institute, retail, and transit
* Low vacancy and stable absorption trends
* Property is located directly across from the
Claremont Police Dept.

Zoning Advantage / Reduced Entitlement Risk
* Established MU-60 zoning supports higher density
*City acknowledgment of up to 9 units provides a clearer
development path
* Eliminates uncertainty typical wit rezoning plays
Scarcity Factor
* One of the last or the last remaining vacant parcels in the Village
* Infill locations like this rarely trade, creating long-term
appreciation upside
Value-Add Potential
* Vertical density (maximized 5-story envelope)
* Ground-floor retail activation for additional NOI
* Efficient unit design to optimized rent per SF
* Condo mapping for premium exit pricing
* Clear density upside
* Flexible product strategy
* Strong exit optionality