Hillside Residential Development
For Sale
$520,000
Pending
948 W Newmark Ave, Monterey Park, CA 91755
Vacant R-1 hillside lot with panoramic San Gabriel Valley mountain and city-light views.
Property SizeContact for details
Lot Size0.98 Acres
Days on Market108
Property Features for 948 W Newmark Ave
General Information
Standard status
Pending
Lot size
0.98 Acres
Property subtype
Land
Zoning
R-1
Listing Agency:
eXp Realty of California Inc
(888) 832-7179
Listed By:
CLARENCE YEUNG
(626) 696-0115
Source:
Exprealty
Added: May 26
Changed: Sep 10
Last Checked: Sep 9 at 9:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
Investment Insights
Based on property information with market context.
Vacant hillside land totaling approximately 42,701 square feet (about 0.98 acres) offered for sale in Monterey Park. The parcel is zoned R-1 and is described as perched above the surrounding neighborhood, providing expansive 180-degree panoramic views of the San Gabriel Valley mountains, city lights, and mountain vistas.
The property is positioned within the Alhambra Unified School District and is surrounded by established residential homes. The seller notes the lot’s size and configuration may offer potential for lot split opportunities such as SB-9 and additional residential development including ADUs, subject to buyer verification and approvals from the appropriate governmental agencies. Buyers are encouraged to conduct their own independent investigation regarding zoning, lot dimensions, lot split potential, development opportunities, utilities, permits, schools, and all other aspects of the property.
The property is positioned within the Alhambra Unified School District and is surrounded by established residential homes. The seller notes the lot’s size and configuration may offer potential for lot split opportunities such as SB-9 and additional residential development including ADUs, subject to buyer verification and approvals from the appropriate governmental agencies. Buyers are encouraged to conduct their own independent investigation regarding zoning, lot dimensions, lot split potential, development opportunities, utilities, permits, schools, and all other aspects of the property.
Key Highlights
- Nearly 1‑acre vacant hillside lot totaling 42,701 SF (0.98 acres) in Monterey Park
- R‑1 zoned parcel with 180‑degree panoramic views of the San Gabriel Valley, city lights, and mountain vistas
- Perched above the surrounding neighborhood, offering privacy and expansive sunset views
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 91755, CA
27,637
Population
9,316
Households
3
Avg Household Size
44
Median Age
32%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
8,637
Density / Sq Mi
$74,362
Median Household Income
$37,778
Median Earnings
$1,811
Median Rent
$761,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant R-1 hillside lot with panoramic San Gabriel Valley mountain and city-light views.
Where is this residential land & home lot located?
The property is located at 948 W Newmark Ave Monterey Park, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Nearly 1‑acre vacant hillside lot totaling 42,701 SF (0.98 acres) in Monterey Park; R‑1 zoned parcel with 180‑degree panoramic views of the San Gabriel Valley, city lights, and mountain vistas; Perched above the surrounding neighborhood, offering privacy and expansive sunset views
