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Description
Situated in a quiet residential neighborhood of Sylmar,15503 El Cajon Street presents the opportunity to acquire an entitled property that has been approved for a five lot R1 subdivision, with a recorded final map and Architecture to be permit ready by close of escrow. Two lots haveexisting single family residential homes that can be remodeled and rented or sold. Three lots are currently undeveloped with entitlements for three 2,485 SF, 2-story Single Family Detached Homes on 5,089 SF Lots (plansavailable by request). The underlying entitlements allowed a zone change to from A-1 to R-1. There are no affordablehousing requirements for the project, it is not subject the affordable housing linkage fee and seller has paid park fees for all lots.The existing houses may have the ability to have an ADU and/or a JADU added to each. All five of the lots may be able to be subdivided further by utilizing SB9 lot splits to achieve additional units. Seller and broker make no representations to adding additional ADU's or creating lotsplits. Buyer to verify.Please do not disturb existing tenants.Offers Due July 21, 2022
Location
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Land
$1,900,000
MLS# P1-10254
Listing Agent: Richard Byrd
Courtesy of: Park Place Partners, Inc.
Office phone: (949) 852-8288
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Listing Agent: Richard Byrd Courtesy of: Park Place Partners, Inc. Office phone: (949) 852-8288 Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 8th August, 2022 2:31 AM (UTC)
