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$ 950,000
Est. payment | /mo
6,860 Sqft Lot
$ 950,000
Est. payment | /mo
6,860 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-22711
HOA Y/N No
Lot Size 6,860 Sqft
Property Description
Extremely rare opportunity to build multifamily apartments in a much sought after neighborhood. Located right next to Lake Avenue on E. Mendocino St., this was previously a 5-unit apartment building (917-923 E. Mendocino) zoned C-3 so there is also potential for mixed-use high density residential and a commercial component. LA County has been permitting rebuilds grandfathering in prior total unit count so there is a 5-unit potential and maybe even higher density. Code may permit up to 8 units but buyer must independently verify with the County in regard to zoning and permitting. Property has already completed Phase 2 debris cleanup so the lot is ready to go. With a Walk Score of 87, this site has everything going for it - multifamily potential, desirable location, and excellent walkability for future residents.
Location
State CA
County Los Angeles
Area 604 - Altadena
Zoning C-3
Interior
Fireplace No
Exterior
Fence None
Community Features Curbs, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected
View Y/N Yes
View Hills, Mountain(s)
Present Use Multi-Family
Building
Lot Description Sprinklers None
Sewer Public Sewer
Water See Remarks
Others
Senior Community No
Tax ID 5845005031
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Pei Chang Berkshire Hathaway Home Servic