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$4,550,000
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Property Description
We are pleased to present the rare opportunity to acquire 1364 North Towne Avenue in the city of Claremont, California. This multi-family land sits on 1.89 acres parcel with an existing 6,160 square feet church. The site is currently zoned RM2000. The City of Claremont is in process of adding an "Overlay 30" zoning. With this new "Overlay 30" zoning and bonus density options from the State of California, there is an opportunity to develop approximately 67+ units on this parcel. Please contact the City of Claremont Building and Planning to confirm zoning and development opportunities.
The property is ideally located just north of Historic Route 66 and within close proximity to Interstate 210 and Interstate 10 Freeways which benefits commuters traveling in between cities in Greater Los Angeles Area and the Inland Empire. The property is surrounded by multiple highly rated private and public schools such as The Webb Schools, Mountain View Elementary School, El Roble Intermediate School, and Claremont High School, all within minutes' drive from the property. The site is within walking distance to CVS, Walgreens Pharmacy, and Stater Brothers Markets. Other major department and grocery stores are located within a two-mile radius from the subject property, including Sprouts Farmers Market, Target, Marshalls, Amazon Fresh, and Michaels. For outdoor recreational activities, residents also enjoy the popular Claremont Hills Wilderness Park for hiking and mountain biking or take a walk in the California Botanic Garden.
City of Claremont is a residential community nestled at the base of the San Gabriel Mountains on the eastern edge of Los Angeles County. The city distinguishes itself through its cohesive collection of distinct, well-maintained, and safe neighborhoods with diverse college and business community.
Full Property Details
Full Property Details for 1364 N Towne Ave
General
- Sold For: $4,550,000
- Status: Closed
- Type: Lots/Land
- Source: MRMLS
- MLS ID: CV23006997
- Added to Site: 1, 104 day(s) ago
Location
- Area: 683 - Claremont
- County: Los Angeles
- Development Name: 683 - Claremont
- Driving Directions: Exit Towne Avenue on the 210 Freeway, property on the left-hand side
- Dist. to Beach: 1 (Miles)
Utilities
- Water: Public
- Dist. to Water: 1
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 1.8872
- Lot Size (Sq. Ft.): 82,206.43
- Zoning: RM2000
- Lot Description: Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $55.35
Listed by Marcus & Millichap, David Covarrubias and Marcus & Millichap, DOUGLAS MCCAULEY
Sold by Nonmember Mrml, General NONMEMBER
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Schools
Schools serving 1364 N Towne Ave
School District:Claremont Unified School District
| Name | Grades | Distance |
|---|---|---|
Condit Elementary School 1750 North Mountain Avenue, Claremont, CA 91711 | K-6 | 0.7 mi |
El Roble Intermediate School 665 North Mountain Avenue, Claremont, CA 91711 | 7-8 | 0.7 mi |
Claremont High School 1601 North Indian Hill Boulevard, Claremont, CA 91711 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1364 N Towne Ave
Date
Details
Price
Change
Source
7/13/2023
Sold
$4,550,000
-6.19%
MLS
1/13/2023
Listed
$4,850,213
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1364 N Towne Avenue, Claremont, CA 91711 (MLS# CV23006997) is a Lots/Land property that was sold at $4,550,000 on July 13, 2023. Want to learn more about 1364 N Towne Avenue? Do you have questions about finding other Lots/Land real estate for sale in Claremont? You can browse all Claremont real estate or contact a Coldwell Banker agent to request more information.

