Summary
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Property Information
- Lot Size: 6,451 sqft
- Building Size: 2,994 sqft
- Zoning: LAR3
- Price: $1,450,000
- Estimated Value After Development: $8,500,000
- Status: Available
Development Potential
- Current Use: Triplex
- Potential: Architect-verified for building up to 30 affordable housing units.
Property Description
Seize this exceptional opportunity to develop a high-density affordable housing project in Panorama City. Currently a triplex, this property is architect-verified for the potential to build 30 units. Situated on a 6,451 sqft lot with LAR3 zoning, this property is ideal for developers looking to maximize their investment in a growing area.
Development Scope:
- Site Planning: Collaborate with architects to design and plan the 30-unit development.
- Permitting and Approvals: Navigate the necessary permits and approvals for construction.
- Construction: Execute a well-planned construction phase to maximize returns.
1. Buyer Responsibility
• As-Is Sale: The property is sold “as-is” with no warranties.
• Due Diligence: The buyer is solely responsible for conducting all due diligence, including inspections, environmental assessments, legal reviews, and compliance checks.
• Liabilities: All risks and liabilities, including legal, financial, and operational, are the responsibility of the buyer.
2. No Seller Liability
• The seller and anyone on the selling side hold no liability for any issues or conditions of the property, known or unknown at the time of sale.
3. Legal and Financial Advice
• Buyers are strongly advised to seek independent legal and financial advice before purchase.
4. Acknowledgment
By purchasing the property, the buyer acknowledges and accepts all risks and liabilities associated with the property and understands that the seller holds no liability.
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
| Bedrooms | |
| Bathrooms | |
| Sq. footage |
Deals nearby
Available
Sold