26
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$2,400,000
Est. payment /mo
1.18 Acres Lot
Active
3586 N Mimosa DR Los Angeles, CA 90065
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25575307
HOA Y/N No
Lot Size 1.178 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Zoning LARE11
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights, Hills, Landmark, Panoramic
Building
Lot Description Value In Land
New Construction No
Others
Senior Community No
Tax ID 5460020039
Special Listing Condition Standard
Lease Land No
Listed by John Boyett CBRE
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