Welcome to this INVESTOR SPECIAL offering TWO LOTS located at 3912-3924 Shirley Ave, nestled in one of the most desired pockets of El Monte! The two lots have a combined sq. footage of 24,111 feet, and there is currently a total of 5 Income Producing Rental Units on the land. The City of El Monte has confirmed that you can build up to 13 units on the land averaging 1,800 sq. ft. per unit. Both parcels are eligible to apply for a General Plan Amendment as a zone change to unify the property as high density residential/R-4 Zone. The first lot (Parcel 8577-017-013) described as "3912 Shirley Ave. El Monte, CA 91721" currently has a quadraplex, comprised of four 1-Bedroom 1-Bath units totaling 2504 interior sq. ft. The 2nd lot (parcel 8577-017-012) described as "3924 Shirley Ave. El Monte, CA 91731", currently has a Single-Family Residence 2-Bedroom 1 Bath totaling 748 interior sq. ft. At the moment the parcel is R-3 medium density. This would require the approval of Planning commission and City Council. In addition, there would need to be an Environmental Review analysis because of the general plan amendment you would need to provide a tentative map to combine the lots. Project must reflect exemplary design and architectural design for the city to support this project, following El Monte’s design guidelines.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
