150 Cornell Avenue, Claremont, CA 91711 (MLS # PW26158797)
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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 = Rent & Value Premium 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 Very Limited Opp.
| DAYS ON MARKET | 5 | LAST UPDATED | 7/21/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 683 - Claremont |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | 683 - Claremont |
|---|---|
| LOT | 9047 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 9048 |
| SEWER | Public Sewer |
| VIEW | Yes |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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