James Manning Acquires 22 Subdivided Lots In Etiwanda, CA For $4.06M

A development site located at 6527 Etiwanda Avenue in Etiwanda, CA has been sold in a closed transaction. The property consists of 9.15 acres and is intended for single-family development. It includes 22 subdivided lots with an average size of 18,000 square feet.

Summary of transaction details

• Property Type: Development Site
• Sale Price: $4,062,750
• Address: 6527 Etiwanda Avenue, Etiwanda, CA
• Market: Etiwanda

The buyer in this transaction is James Manning, while the seller is Ken Creighton. The deal was facilitated by the LAAA Team from Marcus & Millichap, specifically brokers Filip Niculete, Glen Scher, and Michael McNulty Jr.

The 27-month escrow process for this property began with it being raw land and was closed after receiving TTM (Tentative Tract Map) approval. Throughout the escrow process, the sale price increased, eventually closing at $4,062,750. This equates to $184,670 per lot and $10.19 per square foot. It's worth noting that the property was sold above its list price.