We are proud to present an extremely rare opportunity to acquire prime residential land, zoned R3. The property is situated on 35,518 square foot lot with an 8 unit vacant apartment units ( units have been vacant for over 15 years and are uninhabitable). This property is being sold with, 130, 202 & 206-212 S. Chandler Avenue: 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. 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 affordable housing component. Buyer shall conduct Buyer's own due diligence to confirm development possibilities. Information in listing is not guaranteed.