REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,000,000
Est. payment | /mo
0.41 Acres Lot
$ 1,000,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26101699
HOA Y/N No
Lot Size 0.410 Acres
Property Description
Prime Panorama City Opportunity: 17,917 sq ft, Zoning RA- 1 Lot with SB9 & Possible TOC Tier 3 Eligibility. This 0.41-acre parcel(dimensions 104' by 171') in Panorama City offers extraordinary value-add potential. While zoned RA 1, the property qualifies under SB9 and Possible SB79 with TOC Tier3 incentives, unlocking multiple development paths:(SB9 Path: Split into two lots, each supporting duplexes and potential ADUs. Potential for up to 4-6 units of fee simple ownership.) With SB79 + TOC Tier 3 Path: Affordable housing overlay potential up to 20 to 40 units, with density bonuses, reduced parking, height increases, and ministerial approval streamlining. By Right RA 1 Path: Single-family home with ADU and Jr. ADU: 3 units. Value-add upside: leverage affordable housing bonuses, reduced setbacks, and FAR increases for optimal density.*******DEVELOPMENT DUE DILIGENCE & NON-VERIFICATION NOTICE: Buyer and Buyer's Agent acknowledge that Broker and Agent have not verified and make no representations or warranties, express or implied, regarding the property's zoning status, SB 9 eligibility, or SB79 or TOC buildability, allowable unit yield, or municipal permit requirements. Buyer is advised to independently verify all land-use regulations, development criteria, and allowable density directly with the City of Los Angeles before removing contingencies.
Location
State CA
County Los Angeles
Area Pc - Panorama City
Zoning LARA
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Sewer Sewer Tap Paid
New Construction No
Others
Senior Community No
Tax ID 2650028024
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Somboon Nakorn Keller Williams Glendale #00987926