Description
Location and Opportunity!!! Rare opportunity to own a nearly 1 acre flat lot with tremendous development potential. Parcel map application has already been submitted to city of Los Angeles to divide into 4 lots of approx 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. Resulting property can consist of 4 lots with 8 houses which can be sold as 4 parcels or rented as 8 homes. Plans have not been approved yet. Alternatively you may modify the plans and build your dream house or try to obtain approval for a higher density development with more units. There are no oak trees on the lot. Seller makes no representations as to what the city will approve. Currently the permitted building is about 800 sq ft and has a 400 sq ft add-on. Property is currently occupied/rented and generates a nice stream of income which shall continue until you are ready to develop. Do not disturb the tenants. Contact agent for all viewings.
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2BEDS
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0.91ACRES
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1BATHS
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01/2 BATHS
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866SQFT
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$2,829$/SQFT
Description
Location and Opportunity!!! Rare opportunity to own a nearly 1 acre flat lot with tremendous development potential. Parcel map application has already been submitted to city of Los Angeles to divide into 4 lots of approx 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. Resulting property can consist of 4 lots with 8 houses which can be sold as 4 parcels or rented as 8 homes. Plans have not been approved yet. Alternatively you may modify the plans and build your dream house or try to obtain approval for a higher density development with more units. There are no oak trees on the lot. Seller makes no representations as to what the city will approve. Currently the permitted building is about 800 sq ft and has a 400 sq ft add-on. Property is currently occupied/rented and generates a nice stream of income which shall continue until you are ready to develop. Do not disturb the tenants. Contact agent for all viewings.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-03T18:35:31.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Elite Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.