$780,000
$800,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
566 W Palm ST Altadena, CA 91001
0.38 Acres Lot
Key Details
Sold Price $780,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-17372
Sold Date 06/12/24
HOA Y/N No
Lot Size 0.377 Acres
Lot Dimensions Public Records
Property Description
This expansive lot of 16,441 sf is approximately 110 ft wide by 150 ft deep, making it a fantastic development opportunity. The soils report was favorable and can be seen in the documents section. Through looking at the code and confirming with the city, the owner was told that you can build a single family home of up to 5,000 sf with two ADU's of up to 1,200 sf each. Other development options include a triplex (two primary dwelling units with one ADU) or a quadplex (a duplex with two ADUs). The lot is able to be split using SB 9 into two 8,000+ sf parcels, per the owner's conversations with the sub-divisions department. In this scenario, you would be able to build a home of up to 3,000 sf and an ADU of up to 1,200 sf on each parcel (a total of two homes and two ADUs). Each parcel of home + ADU can be sold separately. The lot is located across the street from Loma Alta Park with views of the mountains as well as close proximity to great hiking trails. The park has a plethora of features including a neighborhood community garden, tennis courts, playgrounds and several other amenities. The property backs into a wooded area, creating a serene and tranquil backyard that is hard to find in Los Angeles. More information about the property can be provided upon request from the listing agent. Please check with the zoning, planning and subdivision offices to verify property and development information. With such an amazing location on a double lot sized parcel and so many development options, it is an extremely rare find for creating anything from your dream home to a four unit development.
Location
State CA
County Los Angeles
Area 604 - Altadena
Zoning R-1-7500
Interior
Fireplace No
Exterior
Fence Chain Link
Community Features Foothills, Hiking, Horse Trails, Street Lights, Park
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Park/Greenbelt, Mountain(s), Trees/Woods
Present Use Unimproved
Building
Lot Description Sloped Down, Gentle Sloping, Near Park, Rectangular Lot, Sprinklers None
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 5829012005
Acceptable Financing Cash, Cash to New Loan, Conventional
Horse Feature Riding Trail
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jesse Ayala • WGRES INC.