1123 N Stoneman Avenue, Alhambra, CA 91801

Rare development opportunity in the highly desirable Bean Tract of North Alhambra, ideally located near the borders of San Marino and South Pasadena. This R-3 zoned property features a deep lot with excellent redevelopment potential in one of Alhambra's most sought-after residential neighborhoods. The seller has prepared a conceptual site plan for a proposed 6-unit gated townhome development utilizing California Density Bonus provisions, subject to applicable requirements and City approval. Proposed plans and additional development information are available in the listing supplements for review. The property is currently improved with a 3-bedroom, 2-bath residence and is being sold in its present "AS IS" condition. Tenant occupied-please do not disturb occupants. Conveniently located near shopping, dining, schools, and major transportation routes, with easy access to South Pasadena, San Marino, Pasadena, and Downtown Los Angeles. An excellent opportunity for developers, builders, and investors seeking a well-located multifamily development site. Buyer and buyer's representatives are advised to independently verify zoning, density, development standards, proposed plans, square footage, parking requirements, California Density Bonus eligibility, City requirements, and all other development possibilities with the City of Alhambra and appropriate professionals. No representation or guarantee is made regarding the feasibility or approval of any proposed development.