The Subject Property includes two parcels totaling 2.98 acres. The two parcels encompass the entire southern block of Palm Avenue and Dewey Avenue fronting the railroad tracks. There are single family residences surrounding the nearly 3 acres and this long strip of vacant land is one of the last remaining large lots within this neighborhood. The property is zoned R1-7000 and measures approximately 1,291± feet long by 100± feet wide. The parcels are located three blocks west of all major stores, entertainment, shops and restaurants, some of which include Ralphs, Rite Aid, Wells Fargo Bank, Vons, Nordstrom Rack and Regal Cinemas. At a list price of $600,000 this property equates to $4.61/SF or approximately $200,000 per acre. Considering the lack of buildable land in this well-developed area, the property is an affordably priced development project for a local investor or developer.