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Garvey Ave
Rosemead, CA 91770

CALL FOR OFFERS (STARTING JANUARY 1, 2024) · Land For Sale · 4.66 AC

Investment Highlights

  • Rare Large-Scale Development in a Central West San Gabriel Valley Location
  • The Garvey Avenue Specific Plan Allows Flexible Land Uses
  • High Identity Site on a Major Intersection
  • Opportunity to Design a Phased Development with Product Mix Variation

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
Total Lot Size 4.66 AC
Cross Streets San Gabriel Blvd

Description

For Offering Memorandum: https://my.rcm1.com/handler/modern.aspx?pv=tK9yTMSlZxpRH2eUvydMOwgiXl8zX7f7vbq_qo8Duxc#_top The Property represents a rare large-scale, mixed-use development opportunity on ±4.75 gross acres at a premier location in the heart of West San Gabriel Valley. The Property’s development potential is ±621,000 SF with an estimated 380 units or more of multifamily housing and additional commercial space for a variety of uses. The Property may be considered a gateway catalyst site opportunity at the eastern node of the Garvey Avenue Specific Plan. A well-executed project should be able to become a trophy institutional asset that can be held for generations. The Property consists of six (6) contiguous parcels totaling ±207,127 square feet (±4.75 acres) of undeveloped land with an estimated ±168,878 square feet (±3.88 acres) of net developable land area. The Property has ±274 feet of frontage on San Gabriel Blvd. and ±275 feet on Garvey Ave. An existing mobile home park with an additional ±156,510 square feet (±3.59 acres) of land contiguous with the subject property may be assembled.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5287-035-007
  • 5287-035-017
  • 5287-035-016
  • 5287-035-020
  • 5287-035-021
Land Assessment
$3,709,700
Improvements Assessment
$0
Total Assessment
$3,709,700

zoning

Zoning Code Garvey Avenue SP (Property is located within the Garvey Avenue Specific Plan and is designated Incentivized Mixed-Use which allows a max density of up to 80 du/ac.)
Garvey Avenue SP (Property is located within the Garvey Avenue Specific Plan and is designated Incentivized Mixed-Use which allows a max density of up to 80 du/ac.)
  • Listing ID: 28923386

  • Date on Market: 7/5/2023

  • Last Updated:

  • Address: Garvey Ave, Rosemead, CA 91770

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