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5808 Etiwanda Ave

Los Angeles CA 91356

20167 sq. ft.
Land
Currently for sale - view listing

Overview

5808 Etiwanda Avenue offers a rare development opportunity in the heart of Tarzana, California. Situated on a +/-20,167 SF lot (+/-19,898 SF after street dedication) and zoned LARD1.5-1, the property is pending Ready-To-Issue (RTI) for 9 small lot subdivision homes (to be delivered for buyer prior to close of escrow). Each planned home ranges from 1,861 to 1,882 SF and features 4 bedrooms, 3.5 bathrooms, a private 2-car garage, and individual patios and balconies--ideal for modern living.Importantly, if a developer chooses to build and sell each home individually, each individual sale would not be subject to Measure ULA, providing a significant financial advantage.In addition to the shovel-ready plan, the property holds tremendous potential with the option for the land to be re-entitled for a 100% affordable housing development supporting up to 135 units. Located within a Tier 4 SAFMR Section 8 Highest Resource Area, the site qualifies for enhanced density and public funding incentives--making it especially attractive for affordable housing developers.

Features

20167 sq. ft. lot size
Land

Property history for 5808 Etiwanda Ave

2017
Sold
$1,150,000
18 Oct 2017 by David Burger, of Rodeo Realty

Happy sellers in Los Angeles

64%
64% 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.

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Local market activity for land plots in Los Angeles

In the last 12 months, 1 land similar to 5808 Etiwanda Ave, have been sold.

This represents a 50% increase in land plots sales when compared to the previous 12 months.

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