Claremont CA Real Estate & Land for Sale

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

This Offering Memorandum presents a prime development opportunity in the City of Claremont, Los Angeles County, California. The subject property is a rectangular vacant corner lot located at 1978 N. Indian Hill Blvd., at the intersection of Indian Hill Boulevard and Wagner Drive, situated south of the I-210 Freeway. The property is being offered as a development-ready parcel eligible for an urban lot split under California Senate Bill 9 (SB 9), creating two independently sellable lots, each capable of supporting up to two residential units. Historical Covenant SB 9 Urban Lot Split The subject parcel qualifies for an urban lot split under California SB 9, enabling the creation of two distinct lots as depicted in the provided plot plan supplement. Following the split: Each resulting lot may support up to 2 residential units (4 total units across both parcels). Each resulting lot may be sold individually, providing flexibility for the buyer/developer. A drainage easement runs diagonally through the property and is clearly annotated on the plot plan. Critical Constraint - CalTrans Drainage Easement WARNING: A significant 'No Build' zone runs diagonally southwesterly through the property, encumbered by a CalTrans drainage easement tied to the I-210/State Route 30 corridor. This easement limits the buildable square footage on each post-split parcel and must be factored into all development underwriting The 'No Build' area is annotated in red on the detailed plot plan supplement available with this listing. The easement area may be usable as a driveway, subject to further investigation and CalTrans approval Engagement of a land use attorney and civil engineer prior to offer is strongly recommended Engage a licensed land use attorney to confirm SB 9 eligibility and lot split parameters with the City of Claremont. Retain a civil engineer to survey the drainage easement boundary and confirm net buildable area on each post-split parcel. Contact the City of Claremont Planning Department directly for zoning confirmation and development standards Review all supplements included in this listing, including the detailed plot plan with easement annotation. The vacant lot at one time was subject to a Historical Covenant. That Covenant has been permanently and forever released as to this vacant lot. The adjacent property located immediately north of the subject vacant lot is not for sale and is not part of this offering.

Prime North claremont lot able to build 4 homes with 4 ADU's Or 4 two story homes. premium location with unbelievable views of downtown LA and Mt. Baldy!