$1,675,000
$1,900,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
12911 El Dorado AVE Sylmar, CA 91342
0.62 Acres Lot
Key Details
Sold Price $1,675,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-14872
Sold Date 02/06/24
HOA Y/N No
Lot Size 0.625 Acres
Property Description
Permits Ready to Issue (RTI) for 3 New Single Family Lots plus 2 Existing Single Family Homes, on five subdivided R1 lot parcels. Construction can begin immediately for new home deliveries in 2024. Two parcel have existing single family residential homes that can be quickly renovated to flip or held for rental income. Three parcels are permit ready with RTI Building and Grading Permits with each unit consisting of 4 bedroom, 2,485 SF, 2-story Single Family Detached Homes on 5,089 SF Lots. There are no affordable housing requirements for the project and it is not subject the affordable housing linkage fee. The existing houses may have the ability to have an ADU and/or a JADU added to each. All five of the lots may be able to be subdivided further using lot splits to achieve additional units. Seller and broker make no representations to adding additional units or creating lot splits. Buyer to verify
Location
State CA
County Los Angeles
Area Syl - Sylmar
Zoning R-1-1-K
Interior
Fireplace No
Exterior
Fence Chain Link, Wood
Community Features Suburban
Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
View None
Present Use Recreational
Building
Lot Description 2-5 Units/Acre, Level, Sprinklers None, Value In Land
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 2604013026
Acceptable Financing Cash
Listing Terms Cash
Financing Private
Special Listing Condition Standard
Lease Land No
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Bought with Mauricio Arevalo • RE/MAX One