Largest Land Transaction in Los Angeles County in Recent Years
Land Advisors Organization California finalized the sale of Metro Heights, a master-planned community that will feature up to 1,200 residential units over 173 acres. The buyer was a joint venture between Toll Brothers and Lennar, and the seller was Sentinel Peak Resources.
The development is located in Montebello, California, just 10 miles east of downtown Los Angeles. It sits in the geographic center of the second largest MSA in the country and is one of the largest residential land transactions in Los Angeles County in recent years.
“Metro Heights is one of the last and most significant major development opportunities in urban Los Angeles County with entitlements currently in place,” says Tim Barden, senior vice president at Land Advisors Organization California. “It is a unique, new destination community in the San Gabriel Valley offering an incomparable relationship to downtown Los Angeles.”
More than 25 years in the making, the site was first conceived as a 1,945-unit development in the early 1990s. In 2015, the Montebello Hills Specific Plan was approved for up to 1,200 residences across a variety of product types and densities.
The community’s initial phase recently broke ground, and the first models are expected to open in 2022. Metro Heights plans to offer a mix of stacked flats, along with several different townhome and single-family detached home designs at full built-out.
When complete, Metro Heights will be a gated community with amenities that include a community center, pocket and public parks, walking trails, regional retail, and access to freeways. It also will feature a scenic trail with views from the city to the sea and immediate access to Whittier Narrows Regional Park and Rio Hondo Bike Trail.
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