NEW! Buy and sell safely with virtual options - Learn More
Prime Panorama City Opportunity: 17,917 sq ft, Zoning RA- 1 Lot with SB9 & TOC Tier 3 Eligibility. This 0.41-acre parcel(dimensions 104' by 171') in Panorama City offers extraordinary value-add potential. While zoned RA 1, the property qualifies under SB9 and SB79 with TOC Tier3 incentives, unlocking multiple development paths:(SB9 Path: Split into two lots, each supporting duplexes and potential ADUs. Potential for up to 4-6 units of fee simple ownership.) With SB79 + TOC Tier 3 Path: Affordable housing overlay potential up to 20 to 40 units, with density bonuses, reduced parking, height increases, and ministerial approval streamlining. By Right RA 1 Path: Single-family home with ADU and Jr. ADU: 3 units. Value-add upside: leverage affordable housing bonuses, reduced setbacks, and FAR increases for optimal density.*******DEVELOPMENT DUE DILIGENCE & NON-VERIFICATION NOTICE: Buyer and Buyer's Agent acknowledge that Broker and Agent have not verified and make no representations or warranties, express or implied, regarding the property's zoning status, SB 9 eligibility, buildability, allowable unit yield, or municipal permit requirements. Buyer is advised to independently verify all land-use regulations, development criteria, and allowable density directly with the City of Los Angeles before removing contingencies.
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
or another way