North Hills, CA 91343
$2,500,000
Mark Quesada
Broker / Owner
DRE #02101365
Location and Opportunity! Rare opportunity to own a nearly 1 acre flat lot with tremendous development potential. Parcel map application has already been prepared to divide the lot into 4 lots of approx. 10,000 sq ft each, with tentative plans for a large main house, an ADU and Junior ADU on each lot. All to be connected by a private street. Resulting property can consist of 4 lots with 12 dwellings which can be sold as 4 parcels or rented as 12 dwellings. Project was preliminarily approved by LA City building and safety. Next step is to submit the plans and pay the fees. Alternatively you may modify the plans and build your dream house or try to obtain approval for a higher density development with more units. There are no oak trees on the lot. Seller makes no representations as to what the city will approve. Currently the permitted building is about 800 sq ft and has a 400 sq ft add-on.
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$18,451/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Hovanes Margarian, Margarian Realty
MLS# SR25225618 · Active
History reflects records reported to the MLS and may be incomplete.