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150 Cornell Ave

claremont, CA 91711

US$1,595,000

    Interested? Let's Connect

    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

    0.2077 Private Acres Lot Size

    land

    MLS/Listing ID PW26158797

    Amenities & Features

    Public Sewer

    Public Water

    Lot - Level

    Community - Rural

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    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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    Interested In 150 Cornell Ave?

    NJMLS

    Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.