Listing courtesy of Listing Agent: Shayanne Andujar (Shayanne.Andujar@outlook.com) from Listing Office: LPT Realty, Inc.
Rare 0.44 acre (approx. 19,166 SF) level infill lot in Pacoima with multiple ministerial development paths. Pursue an SB 1123 small lot subdivision for up to 10 fee simple for sale homes with no public hearing, no CEQA review, and a 60 day map approval. Zoning allows a 45 ft height limit and 3:1 FAR, supporting three story homes up to the 1,750 SF average size cap. Alternatively, an SB 9 play allows a lot split with up to two units per lot while keeping the existing home. Property is improved with a single family residence and detached garage, offering holding income or a keep and build option. Located in a federally designated Opportunity Zone with potential capital gains benefits for qualified investors. Street, water and sewer in place. Quick access to the 5, 118 and 210 freeways, near Hansen Dam, Costco, Target and Lowe's. APN 2532-006-011. Ideal for builders, small lot developers and OZ investors. Buyer to verify all development potential.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.