$2,400,000
For Sale

3586 Mimosa Drive

Los Angeles, CA 90065
Listing OfficeCBRE
Browse 26 photos
Type:Purchase
Structure:Land
Zone:Residential

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.

  • Property Details
      • ViewCityLights, Hills, Landmark, Panoramic
      • Lot DescriptionValueInLand
      • CountyLos Angeles
      • Original List Price$2,400,000
      • Property TypePurchase
      • MLS #25575307
      • MLS #25575307
      • Cost2400000
      • Acres1.1784
      • Property SubtypeLand

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
OR

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