CA > Los Angeles
Los Angeles, CA 90065,3586 N Mimosa DR
Los Angeles, CA 90065,3586 N Mimosa DR
Los Angeles, CA 90065,3586 N Mimosa DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,400,000
Est. payment /mo
1.18 Acres Lot
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UPDATED:

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

Read Less Info
CRMLS – RECore
Listed by John Boyett CBRE

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