917 E Mendocino Street new

Altadena,CA 91001

$ 950000

- Bed

- Bath

6859 SqFt


Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 6,859 sqft

Price per Sqft $138

MLS Listing ID CRP1-22711

Lot Size 6,859 Sqft

Property Sub-Type Unimproved Land

Property Description

Extremely rare opportunity to build multifamily apartments in a much sought after neighborhood. Located right next to Lake Avenue on E. Mendocino St., this was previously a 5-unit apartment building (917-923 E. Mendocino) zoned C-3 so there is also potential for mixed-use high density residential and a commercial component. LA County has been permitting rebuilds grandfathering in prior total unit count so there is a 5-unit potential and maybe even higher density. Code may permit up to 8 units but buyer must independently verify with the County in regard to zoning and permitting. Property has already completed Phase 2 debris cleanup so the lot is ready to go. With a Walk Score of 87, this site has everything going for it - multifamily potential, desirable location, and excellent walkability for future residents.

Location

State CA

County Los Angeles

Exterior

View Hills,Mountain(s)

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