1041 Arrow, Azusa, CA, 91702

1041 Arrow, Azusa, CA, 91702 < >
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for sale
$1,670,000
Year Built:1968
Status:Active Under Contract
MLS #:CV20006042
Date Updated:
For information contact:
Shawn Luong
(626) 974 - 8077
DRE: 00857818 NMLS#: 246641
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**Attention developers, investors, and contractors** Property currently in operation as used car dealership w/ land ripe for development opportunity for any type of residential, commercial, or mixed use. Plans have been submitted to City of Azusa & have preliminary approval to build a 15 unit residential condominium project w/ 5 different 3 story floor plans totaling 24,245 sf to include 2,782 sf of private open space (balconies) & 1,475 sf of common open space. City will allow up 16 units should eventual Buyer request for an additional unit. Zoning is Arrow Hwy Corridor (CAH). Perfect for new trend of hybrid “Build to rent or Build to sell” ground up development project. Sellers will work w/ Buyer toward the land entitlement. Current proposed site map has a tentative tract map. Current comps support a total valuation of projected sell out at 8+ million dollars for all 15 units as proposed. Proposed floor plans range from smallest (1,255 sf) 2 bedroom 2.5 bathrooms, private laundry, 2 car garage to largest (1,915 sf) 4 bedroom 4 bathroom, private laundry, 2 car garage. Please review site plan for floor plans. Current proposed plans are conceptual and eventual buyer can make changes
Community Information
County Or Parish: Los AngelesDirections: On the North side of Arrow Highway between Vincent and Lark Ellen
MLS Area Major: 607 - Azusa

Property Information From MLS Data
Business Type: Auto DealerNumber Of Buildings: 2
Property Sub Type: SpecialtyYear Built: 1968
Zoning: C.A.H. Arrow Hghwy Crdr

Utilities
Water Source: Public

Listing Information Courtesy of:
List Agent First Name: OSCAR
List Agent Last Name: TREJO JR.
List Office Name: CENTURY 21 MASTERS

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Monthly Payment for 1041 Arrow
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,670,000
Down Payment:
Loan Amount:$1,336,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Information obtained from CACRMLS is current as of 4/10/2020 1:57 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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