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Any developer's Dream project is here!! Located in a highly desirable, rapidly revitalizing area, this offering features three (3) undeveloped lots in an R1 zone an exceptional development opportunity. Under SB9 regulations, these parcels can be subdivided into six lots with the potential to create up to 12 units. The lots measure 7,525 sq. ft, 5,612 sq. ft, and 5,612 sq. ft respectively. Currently, Lot 1 includes a remodeled 1,572 sq. ft, 3-bedroom, 2-bath single-family home generating $4,800 per month in rental income. All subdivision plans and maps are finalized, with legal/APN numbers expected within several months. This versatile opportunity allows for the creation of six independent SB9 lots, each capable of accommodating two houses. Whether you opt to rent or sell, the flexible use and strong market fundamentals promise solid inflation recovery for single-family homes. Just steps from major freeways, public transportation, grocery stores, and restaurants, this property is perfectly positioned for successful development. With approvals in place and legal finalization on the horizon, the upside potential is substantial. Bring your contractor and architect, this is your chance to build in a thriving market!
Property Type(s):
Single Family
| Last Updated | 3/12/2025 | Year Built | 1939 |
|---|---|---|---|
| Garage Spaces | 2.0 | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Refrigerator |
| GARAGE | Door-Multi, Driveway, Garage, Paved, Yes |
| HEAT | Central |
| LOT | 0.45 acre(s) |
| LOT DIMENSIONS | 75x262 |
| PARKING | Door-Multi,Driveway,Garage,Paved |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| VIEW | Yes |
| ZONING | LAR1 |
Location
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Listed with Redpoint Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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