$499,000

This Offering Memorandum presents a prime development opportunity in the City of Claremont, Los Angeles County, California. The subject property is a rectangular vacant corner lot located at 1978 N. Indian Hill Blvd., at the intersection of Indian Hill Boulevard and Wagner Drive, situated south of the I-210 Freeway. The property is being offered as a development-ready parcel eligible for an urban lot split under California Senate Bill 9 (SB 9), creating two independently sellable lots, each capable of supporting up to two residential units. Historical Covenant SB 9 Urban Lot Split The subject parcel qualifies for an urban lot split under California SB 9, enabling the creation of two distinct lots as depicted in the provided plot plan supplement. Following the split: Each resulting lot may support up to 2 residential units (4 total units across both parcels). Each resulting lot may be sold individually, providing flexibility for the buyer/developer. A drainage easement runs diagonally through the property and is clearly annotated on the plot plan. Critical Constraint — CalTrans Drainage Easement WARNING: A significant 'No Build' zone runs diagonally southwesterly through the property, encumbered by a CalTrans drainage easement tied to the I-210/State Route 30 corridor. This easement limits the buildable square footage on each post-split parcel and must be factored into all development underwriting The 'No Build' area is annotated in red on the detailed plot plan supplement available with this listing. The easement area may be usable as a driveway, subject to further investigation and CalTrans approval Engagement of a land use attorney and civil engineer prior to offer is strongly recommended Engage a licensed land use attorney to confirm SB 9 eligibility and lot split parameters with the City of Claremont. Retain a civil engineer to survey the drainage easement boundary and confirm net buildable area on each post-split parcel. Contact the City of Claremont Planning Department directly for zoning confirmation and development standards Review all supplements included in this listing, including the detailed plot plan with easement annotation. The vacant lot at one time was subject to a Historical Covenant. That Covenant has been permanently and forever released as to this vacant lot. The adjacent property located immediately north of the subject vacant lot is not for sale and is not part of this offering.