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11434 Cresson St 1.22 Acres of Residential Land Offered at $2,995,000 in Norwalk, CA 90650
Investment Highlights
- RTI permits obtained for nine single-family residences and five ADUs.
- Planned designs include covered parking and layouts for up to seven bedrooms and seven bathrooms.
- Optional assisted living or detox center use scenarios.
- Approximately 1.22 acres of residential land with zoning approval in place.
- Exceptional freeway access to I-5, I-14, I-210, and I-405, supporting regional connectivity.
- Seller financing and engineered plans available for swift project execution.
Executive Summary
Potential Assisted Living or Detox Use. All-Steel Modular Structure / MEP Designed. Seller Financing Available / 6 Months / 9% Interest / 1 Point. Please verify all information herein as Broker does not warrant its accuracy.
This 1.22-acre development-ready land site at 11434 Cresson St offers a highly desirable opportunity in Norwalk, CA. The property is RTI-approved for nine single-family dwellings plus five accessory dwelling units (ADUs), totaling approximately 53,057 square feet of land. The planned build area of about 32,435 SF supports large residential layouts with designs featuring covered parking and up to seven bedrooms and seven bathrooms per unit.
Positioned near major regional transportation corridors including I-5, I-14, I-210, and I-405, this site ensures superior accessibility across the Greater Los Angeles area. The property is ideal for project developers or investors seeking to capitalize on strong housing demand in the Mid Counties submarket. Optional assisted living or detox use further broadens the investment potential. Seller financing options, modular construction allowances, and permitted MEP design add flexibility and reduce timeline risks for development.
This 1.22-acre development-ready land site at 11434 Cresson St offers a highly desirable opportunity in Norwalk, CA. The property is RTI-approved for nine single-family dwellings plus five accessory dwelling units (ADUs), totaling approximately 53,057 square feet of land. The planned build area of about 32,435 SF supports large residential layouts with designs featuring covered parking and up to seven bedrooms and seven bathrooms per unit.
Positioned near major regional transportation corridors including I-5, I-14, I-210, and I-405, this site ensures superior accessibility across the Greater Los Angeles area. The property is ideal for project developers or investors seeking to capitalize on strong housing demand in the Mid Counties submarket. Optional assisted living or detox use further broadens the investment potential. Seller financing options, modular construction allowances, and permitted MEP design add flexibility and reduce timeline risks for development.
Property Facts
| Price | $2,995,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 1.22 AC |
| Property Type | Land | ||
| Zoning | R1 - Low Density Single Family Residential | ||
| Price | $2,995,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 1.22 AC |
| Zoning | R1 - Low Density Single Family Residential |
1 Lot Available
Lot
| Price | $2,995,000 | Lot Size | 1.22 AC |
| Price Per AC | $2,454,918.03 |
| Price | $2,995,000 |
| Price Per AC | $2,454,918.03 |
| Lot Size | 1.22 AC |
RTI-approved for nine single-family dwellings plus five accessory dwelling units (ADUs), totaling approximately 53,057 square feet of land.
Description
The property consists of a 1.22-acre parcel located at 11434 Cresson St in Norwalk, California. It is zoned R1 and identified by APN 8018-001-033. This land parcel is positioned adjacent to Interstate 5 and offers direct proximity to major arterials including Orr and Day Road. Utilities for gas, water, sewer, electric, and fiber are indicated as available. Regional access includes Interstate 5 and State Routes 14, 405, and 210. The surrounding area consists predominantly of residential neighborhoods. BROCHURE ATTACHED
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8018-001-033 | Improvements Assessment | $0 |
| Land Assessment | $1,960,113 | Total Assessment | $1,960,113 |
Property Taxes
Parcel Number
8018-001-033
Land Assessment
$1,960,113
Improvements Assessment
$0
Total Assessment
$1,960,113
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11434 Cresson St