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$1,170,000
Est. payment /mo
0.51 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
Subdivision Signal Hill (Sh)
MLS Listing ID PW25258255
Lot Size 0.514 Acres
Property Sub-Type Lots/Land
Property Description
Prime Development Opportunity in Desirable R-1-M Zone! Spanning over half an acre (22,380 sq. ft.) this exceptional parcels offers incredible potential for builders, investors, or visionaries looking to maximize value. Zoned R-1M, the property's highest and best use allows for a 4-lot subdivision, with the ability to build up to 4 structures per lot - a total of 16 potential units (buyer to verify with city). Alternatively, create your dream estate with flexibility under SB-9 guidelines: build a spacious single-family residence with an attached 1,200 sq. ft. SB-9 unit, plus two detached 1,200 sq. ft. ADU's - perfect for multi-generational living or rental income. With ample lot size, favorable zoning, and multiple pathways for development, this property presents a rare opportunity to capitalize on the growing demand for housing in the area. Don't miss your chance to design and build a custom propject that stands out in today's market!
Location
State CA
County Los Angeles
Direction Between Orange Ave and Walnut Ave
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 7210040018
Acceptable Financing Cash, Land Contract
Listing Terms Cash, Land Contract
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Listed by Nicholas Greenway Amberwood Real Estate, Inc.