1001 Abajo Dr 0.81 Acres of Residential Land Offered at $966,990 CAD in Monterey Park, CA 91754

A large upslope lot, zoned R-3. According to City of Monterey Park Zoning Codes, the permitted density for R-3 land allows maximum 25 units per acre. Seller has Preliminary Soils Report, Topography Report and a conceptual plan for a 10 units condominium project. Seller will provide these plans to buyer after offer is accepted. Such plan is not approved by the City, and seller also does not guarantee such plan is buildable. Buyer shall verify all information with the City to satisfy themselves for the intended use of the subject property. The street number is merely a reference, not approved by the City or any public agencies. Seller will carry balance with 50% down at 6% per annum, payment interest only monthly, all due in 3 years after COE.