San Gabriel Valley Real Estate

From East to West Reeds Are The Best!

Pocket Listing!

FINAL

Your chance to own this great property before it goes out to everybody!

5006,5012,5020 Bartlett, and APN# 5388-032-023. San Gabriel . Four parcels, all together lot size is 170,116 s.f.

TTM approval for 30 tract homes with a common play ground and pool. Maximum allowed to built is about 2,000 square feet or so for each home. 4 BR, 3 BA.  Asking Price is $8,500,000. Seller will allow a reasonable time for study but is looking for a quick closing after the study.

The subject is next to the railroad. A 9 foot sound barrier wall along the railroad needs to be built before construction. according to the seller, the cost is $100,000. Please check with the city for information about the railroad being trenched in the future. The street looks nice and there are a lot of newer home on this block.

There will be a small impact from the railroad but this is much better than a freeway problem (freeway is 24 hour noise). If this project were not by the railroad, I would say the future homes should be at high $900,000’s each. If the new owner is projecting for high $800,000’s each, they should be easy to sell and there will be some profit. After all, it is very hard to find a big piece of property in West San Gabriel valley.

CONTACT US!

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This entry was posted on January 17, 2014 by and tagged , , , .

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Information provided on this website is deemed reliable but is not guaranteed accurate.

Contact Us!

Rich & Annie Reed
REALTORS
Long Dragon Realty
CalBRE# 01906230 & 01894384

(English/Spanish)
626-538-5116

(English/Chinese)
626-226-7862

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