








Property Attributes
- MLS#SR20137674
- TypeLand
- CountyLOS ANGELES
- CityToluca Lake
- AreaToluca Lake
- Zip91602
- Style
- Price$ 1,599,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,599 SqFt
Listing Provided Courtesy Of:
Daniel Drantch with Rodeo Realty
Property Description
NEW PRICE! THIS IS AN EXCLUSIVE OFFERING IN THE AFFLUENT NEIGHBORHOOD OF TOLUCA LAKE ON A GREAT VISIBILITY STREET. THIS IS A ONE OF KIND OPPORTUNITY FOR AN ASTUTE INVESTOR OR DEVELOPER WHO WANTS TO BUILD A NEW APARTMENT BUILDING ON A PRIME SITE SURROUNDED BY LOTS OF NEW CONSTRUCTION. THIS PROPERTY SITS ON A 6,600 SQUARE FOOT LOT WITH A 20 FOOT ALLEY IN THE REAR. IT IS ZONED R3-1 WHICH ALLOWS FOR UP TO 8 BRAND NEW UNITS TO BE BUILT ON THE SITE BY RIGHT. IN ADDITION THROUGH BONUS DENSITY YOU MAY BE ABLE TO BUILD UP TO 12 UNITS ON THE SITE. THERE IS A LOT OF NEW CONSTRUCTION IN THE AREA INCLUDING A BRAND NEW 10 UNIT APARTMENT BUILDING TWO DOORS DOWN AND ANOTHER 5 UNIT CONDOMINIUM BUILDING AROUND THE CORNER. THERE ARE PLANS FOR A NEW 57 UNIT APARTMENT BUILDING JUST DOWN THE STREET THAT IS GOING TO BEGIN CONSTRUCTION SOMETIME THIS SUMMER. THERE ARE NO ENTITLEMENTS FOR NEW CONSTRUCTION ON THIS SITE. THE PROPERTY IS CURRENTLY IMPROVED WITH A 4 UNIT APARTMENT BUILDING THAT IS UNDER RENT CONTROL AND FULLY OCCUPIED. DO NOT MISS OUT ON THIS GREAT OPPORTUNITY AS THIS IS THE ONLY APARTMENT DEVELOPMENT SITE ON THE MARKET IN TOLUCA LAKE. SUBMIT ALL OFFERS!!
Price History | |
---|---|
7/15/2020 | Listed $1,650,000 |
9/26/2020 | 4% - $1,599,000 |
General Features
Assessments | Unknown |
---|---|
Community Features | Curbs, Gutters, Sidewalks, Street Lights |
Directions | Just north of Ventura Blvd. on Cahuenga Bld. |
HOA Fee | 0.00 |
Listagentaor | Southland |
Listing Agent | Daniel Drantch - BRE#00900188 |
Listing Agent State License | 00900188 |
MLS Area | TUL - Toluca Lake |
Price Per Square Foot | 242.31 |
Sewer | Public Sewer |
Source System | CRMLS |
Special Listing Conditions | Standard |
Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected |
View | Mountain(s) |
Zoning | LAR3 |
Exterior Features
Fencing | Stone, Wood |
---|---|
Lot Features | Level with Street, Lot 6500-9999, Rectangular Lot, Level, Value In Land |
Lot Size Acres | 0.1515 |
Lot Size Area | 6599.0000 |
Lot Size Source | Assessor |
Lot Size Square Feet | 6599.00 |
Lot Size Units | Square Feet |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool