206 S CHANDLER AVE Monterey Park, CA 91754

We are proud to present an extremely rare opportunity to acquire prime residential land, with a high Density Residential R3 Zoning. Three (3) properties being sold together: 130, 202 & 206-212 S. Chandler Avenue. The total combined lot size is 35,518 square feet, with eight (8) vacant rental units (Units have been vacant for over 15 years and are uninhabitable). APNs; 5257-004-019, 5257-004-020 & 5257-004-021 These properties are well located on one of the most desirable streets in Monterey Park and is walking distance to Garvey Avenue Shops & Restaurants. This is an extremely rare opportunity as very few lots ever come on the market in this area. Seller is in the process of obtaining a tentative tract map for 10 detached condos on grade (City will allow up to 14 units). If Buyer wants to develop senior housing residential apartments/condos city will allow up to 40 units. City will allow up to 54 senior housing residential units with an affordable housing component.