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29238761
29238762

Marengo, Los Angeles, CA 90063

RC
CA 01170252
WeTrust Realty
Listed by WeTrust Realty
$540,000
143 days on market
Updated 73 days ago

Marengo

Details
APN 5229010019
Property Type Land
Sub Type Lots/Land
Acreage 0.669
Zoning LCC2VV

land for developer in City Terrace Los Angeles

Marketing description

Included in this offering are three contiguous parcels identified by the following Assessor's Parcel Numbers (APNs) and lot sizes: APN 5229-010-018: 13,120 square feet APN 5229-010-019: 9,219 square feet APN 5229-010-022: 6,788 square feetPer public records, the parcels are zoned LCC2VV Commercial and are currently vacant land. The properties will be conveyed together in a concurrent sale and will not be sold separately.Buyers are advised to conduct their own due diligence to verify zoning, permitted uses, development potential, and any applicable redevelopment or improvement requirements. All proposed uses are subject to approval by the appropriate City and/or County governing authorities.The properties are offered AS-IS, with no warranties or representations expressed or implied. The buyer shall assume full responsibility for all inspections, investigations, and any required improvements or modifications necessary to meet regulatory and development standards.

Investment highlights

An exceptional opportunity is available for developers and investors in the sought-after City Terrace neighborhood. This offering includes three contiguous hillside lots totaling approximately 29,127 square feet, positioned to capture breathtaking 180-degree views of the University Hills and California State University, Los Angeles (CSULA). The elevated setting and strategic location provide outstanding development potential. Proximity to CSULA creates a strong opportunity for student housing, while the site is equally well-suited for residential development, offering the possibility to design a distinctive community that maximizes views and location advantages. Rarely available as a combined offering, these parcels present a unique opportunity to unlock significant value in a growing area. The property's natural topography, expansive views, and central access make it an ideal canvas for visionary development. Buyer to independently verify all zoning, development potential, restrictions, and city ordinances to their satisfaction. For further details or to discuss this opportunity, please contact us and discover how this property can bring your development vision to life.

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Listing Contacts

RC
CA 01170252
WeTrust Realty
Listed by WeTrust Realty

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Additional Information

Name
Roland Castelar
License
01170252
Brokerage
WeTrust Realty
Brokerage Phone
2132169599
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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