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- LoopNet Team
11523 Sproule Ave
Pacoima, CA 91331
build 27 - 41 units (delivered entitled) · Land For Sale
·
0.44 AC
INVESTMENT HIGHLIGHTS
- Build 27 to 80 units as low as 15k per door
- Delivered vacant & entitled.
- 19,000sf ALL FLAT lot
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.44 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | LAA2 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.44 AC |
| No. Stories | 1 |
| Zoning | LAA2 |
DESCRIPTION
Presenting this exceptional property featuring a vast 19,000 sqft lot, ripe for investment. Currently zoned A with RD1.5 density under the General Plan, this property offers significant development potential. Leveraging the Density Bonus program, developers can unlock higher density options, exceeding zoning restrictions to develop a Density Bonus and opt for unlimited density with 80+ units senior living facility over 4 levels, utilizing the new AB1287, State Density Bonus. The seller has existing plans for a 27-unit apartment building with 27 SURFACE parking stalls. With no RSO, Ellis, or Tenant Relocation issues, this lot is highly appealing to developers. PLANS AVAILABLE UPON REQUEST The property will be delivered vacant and entitled. Seize this incredible opportunity before it slips away!
