Property Detail

Description

Prime Panorama City Opportunity: 17,917 sq ft, Zoning RA- 1 Lot with SB9 & Possible 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 Possible 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, or SB79 or TOC 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.