$1,400,000
$1,499,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
1.14 Acres Lot
SOLD DATE : 06/28/2024
Key Details
Sold Price $1,400,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23078634
Sold Date 06/28/24
HOA Y/N No
Lot Size 1.139 Acres
Property Description
This rare expansive subdividable (and flat) 50,000 SF R1 zoned lot includes a well maintained existing 1,200 SF 2 bath home. The property affords a plethora of options one being the potential subdivision of the property into six R1 lots. Due to the positioning of the existing SFR, it could be potentially left intact within the new subdivision (see potential site plan diagram). One of the last large subdividable R1 lots in the Panorama Medical Center Campus sphere of influence (the subject property is less than a half mile walk from the campus). Real estate values in close proximity to the medical campus have remained strong due to ongoing demand for the location by medical professionals.
Location
State CA
County Los Angeles
Area Arl - Arleta
Zoning LAR1
Interior
Fireplace No
Exterior
Community Features Valley
View Y/N Yes
View Hills, Mountain(s), Neighborhood, Valley
Present Use Residential
Building
Lot Description 2-5 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Level, Rectangular Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 2627027004
Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Francis Evanisko • Evanisko Realty & Investment
