150 Cornell Avenue,Claremont, CA 91711
Claremont, CA 91711
Description
Claremont Village Development Opportunity-MU-60 Zoning Rare vacant lot in the heart of Claremont Village with strong development upside. Position yourself in one of the most supply-constrained and high demand submarkets in the Inland Empire with this rare infill development opportunity in the heart of Claremont Village. This vacant lot is fully positioned for a high-yield mixed-use or multifamily development, with favorable zoning and clear density guidance from the City of Claremont. Zoning: MU-60 (Mixed-Use) Up to 5 stories allowed / 60 ft/ 8,747 SF 1 unit per 750 NET SF City indicates up to 9 units/ Single-family not permitted Investor Highlights: ? Prime walkable Village location ? Mixed-use or multifamily potential ? Strong rent & resale demand ? Multiple exit strategies (build-to-rent, condos, mixed-use) ? One of the last infill parcels available With up to 9 units allowed, developers can capitalize on: * High per-door value in a premium walkable location * Favorable unit mix potential(market-rate rentals, condos, or live/ work Multiple Exit Strategies * Build-to-rent for long-term cash flow * Build-to-Sell (condos/townhomes) in a supply-limited market * Mixed-use retail + residential for diversified income streams Premium Location: Claremont Village consistently commands: * Above-average rents compared to surrounding submarkets * Stong tenant demand driven by proximity to Pomona College, Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College and Keck Graduate Institute, retail, and transit * Low vacancy and stable absorption trends * Property is located directly across from the Claremont Police Dept. Zoning Advantage / Reduced Entitlement Risk * Established MU-60 zoning supports higher density *City acknowledgment of up to 9 units provides a clearer development path * Eliminates uncertainty typical wit rezoning plays Scarcity Factor * One of the last or the last remaining vacant parcels in the Village * Infill locations like this rarely trade, creating long-term appreciation upside Value-Add Potential * Vertical density (maximized 5-story envelope) * Ground-floor retail activation for additional NOI * Efficient unit design to optimized rent per SF * Condo mapping for premium exit pricing * Clear density upside * Flexible product strategy * Strong exit optionality
Details
| MLS # | PW26158797 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 44 |
| Listing Provided By | California LWF INC | Pamela Chyba |
Features
| Zoning | MU-60 |
|---|---|
| Acreage | 0.21 |
| Property View | Yes |
Exterior
| Lot Features | Level |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Rural |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Claremont |
| Zip Code | 91711 |
| Area | 683 Claremont |
| Listing VS Median (in 91711) | |
Price: $1,595,000 low | high Med: $843,990 On site: 44 low | high Med: 83 | |
Market Activity 91711
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Claremont |
| Zip Code | 91711 |
| Area | 683 Claremont |
| Listing VS Median (in 91711) | |
Price: $1,595,000 low | high Med: $843,990 On site: 44 low | high Med: 83 | |
