$3,500,000 - 11819 Kagel Canyon, Lakeview Terrace

Lakeview Terrace Home For Sale

Attention Developers and Builders! The subject property offers an opportunity to acquire approximately 302,742 - square feet (6.95 Acres) of vacant land. The property is being sold in its present as is condition for land value. The property is comprised of two parcels and currently Zoned Agriculture (A2-1) within the Low Medium II Designation of the Sunland-Tujunga-Lake View Terrace- Shadow Hills- East La Tuna Community Plan. The zone designations are higher density uses and permissible zone changes allowed are RD1.5. and RD2. RD1.5 allows the highest density and it permits multiple dwellings of 1,500 Sq. The RD2 also allows Multiple Dwellings with Dwelling Units of 2000 Sq. Ft. The Subject Property also offers many opportunities for Multi-Family Development under State Density Programs as well as Manufactured Home Park Development without a Zone Change or Site Plan Review under the LAMC Public Benefit Ordinance. Seller and Broker make no representations regarding future development or entitlement and encourage Buyer to rely solely on their own investigations and due diligence within the City of Los Angeles. The subject property is ideally located within close proximity to the 210 Freeway, 118 Freeway and Interstate 5 while located across from the Hansen Dam Basin which is home to the Hansen Dam Sports Complex, Fishing Lakes, Aquatic Center, Lake View Terrace Public Library and Discovery Cube Science Center. All Manufactured Home Park developers should inquire into this extremely rare large lot opportunity.