Description
Location and Opportunity!!! Rare opportunity to own a nearly 1 acre flat lot with tremendous development potential. Parcel map application has been drafted to be submitted to City of Los Angeles to divide into 4 lots of approximately 10,000 sq ft each, with tentative plans for a large main house and an ADU on each lot. All to be connected by a private street. Under new regulations, junior ADUs are likely possible on each of the resulting 4 lots. Resulting property can consist of 4 lots with 12 houses (one main, one AUD, one junior ADU on each one) which can be sold as 4 parcels or rented as 12 homes. Plans were not have not been submitted yet and can be revised. Alternatively you may build your dream house or try to obtain approval for a higher density development with more units or apply for special use permits. There are no oak trees on the lot. Seller makes no representations as to what the city will approve. Listing agent is the owner.
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"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th October, 2023 1:20 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th October, 2023 1:20 AM (UTC)
Listing Agent: Hovanes Margarian
Listing Office: Margarian Realty
