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Property Description

We are excited to present a unique opportunity for investors or developers interested in acquiring prime residential land in Monterey Park. The property spans an impressive 38,097 square feet and is zoned R3, offering significant potential for development.Comprising two separate parcels located at 338 Sefton and 346 Sefton, with distinct APNs (5259-007-064 & 5259-007-065), this offering is particularly rare in Monterey Park. Boasting 127 feet of street frontage and 300 feet of lot depth, the property provides ample space for various development possibilities.Situated within blocks of the vibrant Garvey Avenue area, which features an array of shops, restaurants, and amenities, the location offers convenience and accessibility. Additionally, it's just a short distance from Downtown Monterey Park, further enhancing its appeal.The property presents a versatile development opportunity, suitable for PUDs, townhomes, condominiums. Buyer shall conduct Buyer's own due diligence to confirm development possibilities.

Overview

Property Status
Sold
Date Sold
May 24, 2024
Lot Size
0.87 Acres
MLS ID
24387231
Property Type
Land

Features & Amenities

Neighborhood
Monterey Park
View Description
None
Sales Price
$3,950,000
Zoning
MPR3*

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338 Sefton Avenue

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