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3586 Mimosa Drive

Los Angeles CA 90065

51333 sq. ft.
Land
Currently for sale - view listing

Overview

We are pleased to present an eight (8) lot development portfolio that can be delivered RTI to build a single-family residence community located at 3620 N Inglis Drive - 3586 N Mimosa Drive, Los Angeles, California. This portfolio is situated in a prime neighborhood of Northeast Los Angeles known as Glassell Park, south of Eagle Rock Boulevard and east of the Glassell Park recreation center. Zoned RE11-1-HCR, this portfolio contains eight (8) standard sized lots consisting of 51,333 combined square footage. Each lot features 2017 plans with a full soil report and soil/grading approval. The current architect has a clear path to re-entitlement and RTI along with an option to add ADUs on each site. Each lot can be delivered RTI for eight (8) single-family homes, or one on each lot. The homes average 2,149 SF with 4-bedrooms and 3-bathrooms on each. All homes go up three stories with ground floor garage parking, master bedroom layouts, and dedicated living, family, and dining areas. Residents will enjoy the large balconies and sprawling rooftop decks that make incredible use of the beautiful 180-degree hillside views of the Glassell Park rec center into Glendale's Forest Lawn and Atwater. Situated in a prime Glassell Park location, this offering presents an excellent opportunity for any merchant builder to capitalize on a tried-and-true product type with an option for the current architect to add ADUs in a low-velocity, high demand submarket of Los Angeles.

Features

51333 sq. ft. lot size
Land

Happy sellers in Los Angeles

95%
95% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

In the last 12 months, 11 land plots similar to 3586 Mimosa Drive, have been sold.

This represents a 63% increase in land plots sales when compared to the previous 12 months.

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