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Listed by Douglas Lee • COMPASS
$400,000
Est. payment /mo
94,095 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 94,095 sqft
Price per Sqft $4
MLS Listing ID CRAR25019516
HOA Y/N No
Lot Size 2.160 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Seller financing available! Appraised on February 15, 2023 for $900,000. Property is zoned RN2, which allows a minimum of 20 units (10 units /acre), but a maximum of 40 units (20 units/ acre). Incredible opportunity to purchase a FLAT empty lot that is surrounded by single family homes. Property boasts over 90,000 square feet and can be subdivided into smaller individual lots or possibly develop multifamily. Because the property is surrounded by homes, the property should be near all the utilities: electric, gas, water and sewage. Depending on how aggressive the offer price is, seller may be open to providing seller financing. Buyer to verify with the city and submit all proposals to building and safety. Buyer understands that in order to build, they will need plans to be ready to issue (RTI). Be sure to checkout the supplements to see the appraisal report. The sale is for two lots ending with APNs 26 and 27.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View City Lights, Other
Building
Water Public
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