Courtesy of Margarian Realty, Hovanes Margarian 818-448-8404
Property Description
Location and Opportunity! Rare opportunity to own a nearly 1 acre flat lot with tremendous development potential. Parcel map application has already been prepared to divide the lot into 4 lots of approx. 10,000 sq ft each, with tentative plans for a large main house, an ADU and Junior ADU on each lot. All to be connected by a private street. Resulting property can consist of 4 lots with 12 dwellings which can be sold as 4 parcels or rented as 12 dwellings. Project was preliminarily approved by LA City building and safety. Next step is to submit the plans and pay the fees. 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.
Open House
Property Details and Features
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Appliances & Equipment
- “N/K”
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Bathrooms
- 1 total bathroom
- 1 full bathroom
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Bedrooms
- 2 total bedrooms
- 2 possible bedrooms
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Building
- Built in 1951
- Building area total: 866
- 1 stroy
- 1 story total
- Living area: 866
- Living area units: Sqft
- Building area units: Sqft
- Entry level: 1
- “No Common Walls”
- “1 Story”
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Cooling
- “N/K”
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Fireplaces
- “Den”
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Garage
- 1 space
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Water Features
- Water source: “Public”
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Listing
- Listing ID: SR25225618
- List price: $2,500,000
- 155 days on market
- Listing contract date: 2025-09-26
- Special listing conditions: “Standard”
- “Cash”
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Lot
- 39,597 size sqft
- Size area: 0.909
- Size units: Acres
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Parking
- Total: 1
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Pool
- “N/K”
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Property
- Property subtype: Detached
- Property type: Residential
- “N/K”
-
Sewer
- “Unknown”
