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$ 3,100,000
Est. payment | /mo
0.46 Acres Lot
$ 3,100,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-23323
HOA Y/N No
Lot Size 0.463 Acres
Property Description
5808 Etiwanda Avenue offers a rare development opportunity in the heart of Tarzana, California. Situated on a +/-20,167 SF lot (+/-19,898 SF after street dedication) and zoned LARD1.5-1, the property is pending Ready-To-Issue (RTI) for 9 small lot subdivision homes (to be delivered for buyer prior to close of escrow). Each planned home ranges from 1,861 to 1,882 SF and features 4 bedrooms, 3.5 bathrooms, a private 2-car garage, and individual patios and balconies--ideal for modern living.Importantly, if a developer chooses to build and sell each home individually, each individual sale would not be subject to Measure ULA, providing a significant financial advantage.In addition to the shovel-ready plan, the property holds tremendous potential with the option for the land to be re-entitled for a 100% affordable housing development supporting up to 135 units. Located within a Tier 4 SAFMR Section 8 Highest Resource Area, the site qualifies for enhanced density and public funding incentives--making it especially attractive for affordable housing developers.
Location
State CA
County Los Angeles
Area Tar - Tarzana
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description Sprinklers None
Water Public
Others
Senior Community No
Tax ID 2157012025
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Casey Picard Keller Williams Realty