150 Cornell Avenue,Claremont,Los Angeles,Land

About The Property

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