Description

Near the City of Hope, 210 and 605, this property comes with the opportunity for a fully entitled residential project. Per the City of Duarte, the Project is for a 20-unit, market-rate, residential condominium project that was originally submitted in 2019, and the design, tentative tract map, and planned development permit approved in March 2022, and the approved entitlement has been extended until March, 2025. The next requirements in the development process include demolish existing buildings and submit construction drawings to the City’s Building Division to enter into Plan Check.Buyer has the sole responsibility to investigate feasibility, property conditions, codes, and permits, and to consult with licensed professionals and governing authorities. Seller’s own plans are not included in the sale and are negotiable.Property is to be sold as and where it is: there are 8 vacant exiting and separate one-story buildings on property.Seller requires offers using only current version of C.A.R. forms as well as proof of funds issued by an FDIC-insured bank/financial institution for consideration. Sellers will not respond to LOI’s and other forms of letters.