Highly desirable neighborhood in Valley Glen! We are excited to present this oversized hard to find Land that is 10,070 square feet and is ready for the wonderful home of your dreams. This is an amazing opportunity for an owner builder, an investor for income property or a developer to come in and start building without the hassle of buying a tear down. Property has improvements already done including a new sewer line, new sidewalk, vinyl fencing on the sides and a new driveway. Under California’s SB 9, you have the opportunity to build up to four units on this lot, making it an ideal choice for maximizing your investment. Imagine creating a duplex with two Accessory Dwelling Units (ADUs), each offering 800 square feet of living space. These units can be designed as either attached or detached, allowing you to tailor the layout to your vision and market demand. Additionally, the seller is offering seller financing, making it easier than ever to seize this opportunity. Don’t miss your chance to capitalize on this unique investment in a growing area!
The Project has been approved (RTI Ready) to pull the permit by the City of Los Angeles for 11 units consisting of six (6) 3-bed, 2.5-bath units, two (2) 2-bed, 2-bath units, and four (4) 1-bed units. Two of the 11 units will be designated as low-income affordable units, and the remaining 9 units are market rate. All of the Project's units are single-level flats, and the Project consists of a highly efficient and cost-effective site plan. The Project includes an on-grade single parking garage with 14 parking spaces. As built, the Project will represent the most significant multifamily development in the surrounding vicinity. All you have to do pay the permit fees and start construction.
Valley Glen is located in California.
