Pacoima CA Real Estate & Land for Sale

We are pleased to present 12323 Osborne Place, a RTI development site located in Opportunity Zone. This development site is RTI for 37 large condominium units with private garage parking on the ground level, three residential stories and roof top decks. The current plans consist of 20 two-bedroom, two-bathroom, 2 three-bedroom, three-bathroom and 15 four-bedroom, four-bathroom condominium units with individual roof top decks. The offering is located in a qualified "Opportunity Zone", providing a developer with major long term tax benefits.12335 Osborne Place is comprised of 66,152 SF of vacant land zoned (Q)RD1.5-1-CUGU. The lot is located on the West side of Osborne Pl in the southeast section of Pacoima, surrounded by Shadow Hills, La Tuna Canyon, Sun Valley, and Arleta. This convenient San Fernando Valley neighborhood boasts commuter's accessibility with the 5, 210, and 118 freeways within close proximity of the subject property.The city of Pacoima is revitalizing the area by creating a pedestrian-friendly, community-oriented downtown along Van Nuys Blvd between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this plan has already been implemented, with traffic slowing measures along Van Nuys Blvd. The city is working with the County of Los Angeles to obtain funding for the next stage of revitalization, which would include funding to improve the facade of existing structures in this area, with the intention of creating a community-oriented city center with a focus on the arts, shopping, dining and new nightlife opportunities.

We are pleased to present 12342 Osborne Place, a unique opportunity for a developer to build either 29 units by-right or 45 units with density bonus. The offering is located in a qualified "Opportunity Zone", providing a developer with major long term tax benefits. In addition to the densities provided above, a developer has a couple more options when deciding the project. A developer has the added options of taking TOC Tier 1 + ADUs or building 100% affordable units. A developer could build up to 56 units taking TOC Tier 1 + ADUs and an unlimited amount of units by building 100% affordable.12342 Osborne Place is comprised of 43,532 SF (approx. 1.0 acres) of vacant land zoned (Q)RD1.5-1-CUGU. The lot is located on the East side of Osborne Pl in the southeast section of Pacoima, surrounded by Shadow Hills, La Tuna Canyon, Sun Valley, and Arleta. This convenient San Fernando Valley neighborhood boasts commuter's accessibility with the 5, 210, and 118 freeways within close proximity of the subject property. The city of Pacoima is revitalizing the area by creating a pedestrian-friendly, community-oriented downtown along Van Nuys Blvd between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this plan has already been implemented, with traffic-slowing measures along Van Nuys Blvd. The city is working with the County of Los Angeles to obtain funding for the next stage of revitalization, which would include funding to improve the faade of existing structures in this area, with the intention of creating a community oriented city center with a focus on the arts, shopping, dining and new nightlife opportunities.

Incredible opportunity to build your dream home! Construct the single-family residence of your dreams on this extremely rare flat lot with almost 10,000 square feet. Ideal for building your primary home with up to three ADUs. Due to the many changes in recent California law, there might be a possibility that will allow you to subdivide and/or build multiple houses on this lot. out SB 9! Check out SB 10! 4 units may be able to be built on the property. The lot has an address assigned and is located within a short distance of charter schools, restaurants, groceries stores, parks, Costco, Lowes, Freeways, etc. Sellers are not aware of natural gas or water lines on the lot however the neighbors on both sides of the lot are connected to power, natural gas, city power & water. Many houses down the street have ADUs on their properties. All of this information is not deemed reliable and not guaranteed. Buyer(s) should do their due diligence and verify any information regarding this lot through appropriate professionals prior to submitting an offer. Property information is not deemed reliable and not guaranteed. The agent or broker does not guarantee the accuracy of the square footage, lot size, or other information concerning the conditions or features of the property provided by the sellers or obtained from Public Records or other sources. The buyer with their agent(s) is advised to independently verify the accuracy of all information. Contact the City of Los Angeles for any information about this lot in regards to zoning, planning, building, etc. Any questions please contact the listing agent.