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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

<50%
Less than 50% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

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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Sales:
(619) 566-0008
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