$1,799,000
Rare investment, owner-user, and future development opportunity on an expansive ±32,007 sq. ft. lot in the heart of the San Fernando Valley, where the neighborhood has already proven multiple development strategies work. The property features a large circular front driveway, mature landscaping, and a generously sized back yard with exceptional potential for expansion or other possible uses. Strategically located near a school, this property appeals to buyers seeking residential, development, or business-related opportunities, subject to zoning, permits, and City approval. Two doors down, a prior owner secured a zone change and built 10 detached homes on a nearly identical footprint; next door, an owner demolished and built a custom home plus a detached ADU; and nearby, an investor assembled five adjoining parcels, changed the zoning, and delivered a multi-family complex. The precedents are set and the city has already said yes on this very street. Potential strategies to explore include a lot split with new construction plus ADU and JADU on each resulting parcel, a small lot subdivision following the established neighborhood precedent, a custom estate build with income-producing ADU and JADU, an assemblage anchor for a larger multi-family development, live/work possibilities, or a Density Bonus Law application for qualifying affordable housing projects. In a city facing a generational housing shortage with state law actively incentivizing density, a flat nearly three-quarters of an acre parcel in Los Angeles with live comps on the same block is an increasingly rare find. Value is in the land and existing structure is incidental. Buyer to independently verify all information including zoning, development potential, lot split eligibility, square footage, permits, allowable uses, condition of property, and all entitlements with the City/County of Los Angeles Department of City Planning and appropriate licensed professionals. All information deemed reliable but not guaranteed. Call today - this property will not last long.
3
Beds
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3
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OC26196948
MLS
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Active
Status
9019 Noble Avenue, Los Angeles