300+ unit Residential Development Opportunity in Arcadia, CA
Category: For Sale
Description: Fully entitled residential development
Location: Arcadia, CA (unincorporated County jurisdiction)
# of Units: 303
Land Size: 12 acres
Pricing Guidance: $60 million
Santa Anita Village will be an elite residential community offering first in class housing options as one of the largest housing developments to be offered in the San Gabriel Valley. The project is situated on 12.05 gross acres which currently has a tentative map approval for a 303 unit gated subdivision. The existing approvals consists of 150 2 & 3-story townhomes and 153 1 & 2 story condo flats. The property is zoned R3 with a density of 24 dwellings units to the acre. 14 of the 303 units are required to be affordable to achieve a density bonus of 31 units.
