150 Cornell Ave , Claremont, CA 91711
$1,595,000
Est. Payment: $8,025.79/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 9
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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

Highlights

Listed by Pamela Chyba , 561-888-1337 California LWF INC , 855-456-4945. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land

Lot/Acreage
0.21

County

Los Angeles

Area

683 - Claremont

Listing ID

PW26158797

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:Level,No Land Lease
Zoning:MU-60
Sewer:Public Sewer
Principal Interest
$8,026
Taxes
$1,017

Home Price

$1,595,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$319,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,025.79

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,025.79 $1,016.81 $0.00 $9,042.60
Yearly $96,309.45 $12,201.75 $0.00 $108,511.20
Total $2,889,283.62 $366,052.50 $0.00 $3,255,336.12

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Claremont, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T22:36:24.000Z

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