**ATTENTION DEVELOPERS** DELIVERED 50% VACANT!!!! In the heart of Toluca Lake sits a rare development opportunity in one of the Valley's most coveted and supply-constrained neighborhoods. This four-unit property is surrounded by luxury new construction, high-end retail, and some of the strongest renter demand in Los Angeles. The site offers exceptional upside for builders and investors looking to create scale in a true A+ location.The sale includes fully prepared plans for a 24-unit development, offering a significant head start for any developer ready to move quickly. Properties with this level of entitlement and potential in Toluca Lake are extremely limited, making this an opportunity that is nearly impossible to replicate.
| MLS # | 26897257 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 55 |
| Listing Provided By | The Agency | Michelle Schwartz |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,227 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.21 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Parking Features | Covered, Carport |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Toluca Lake |
| Zip Code | 91602 |
| Area | TUL Toluca Lake |
| Listing VS Median (in 91602) | |
Price: $1,899,000 low | high Med: $661,750 sqft: 3,227 low | high Med: 946 $ / sqft: $588 low | high Med: $708 On site: 55 low | high Med: 74.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Toluca Lake |
| Zip Code | 91602 |
| Area | TUL Toluca Lake |
| Listing VS Median (in 91602) | |
Price: $1,899,000 low | high Med: $661,750 sqft: 3,227 low | high Med: 946 $ / sqft: $588 low | high Med: $708 On site: 55 low | high Med: 74.5 | |