Description for
0 Marengo StreetLos Angeles, CA 90063
Exciting Development Opportunity in City Terrace - Three Adjacent Hillside Lots with Spectacular Views, Totaling 29,127 sqft! We present an extraordinary investment proposition tailored for developers and investors seeking a remarkable opportunity. Nestled in City Terrace, this offering comprises three contiguous lots with a combined area of 29,127 sqft. Perched on a hillside, the location offers breathtaking 180-degree views of the surrounding University hills and the prestigious CSULA (Cal State University Los Angeles). The potential for this property knows no bounds, allowing for a multitude of possibilities. With its proximity to CSULA, there exists the exciting prospect of developing student housing to cater to the university's growing population. Alternatively, the site holds great promise for residential development, making it an attractive venture for those seeking to create a vibrant community. These exceptional lots provide a canvas upon which visionary developers and investors can leave their mark. Capture the attention of those who value both natural beauty and strategic location, and seize the opportunity to shape the future of this remarkable locale. For more information and to explore this incredible development opportunity, please contact us. Together, let's transform possibilities into reality. Potential Buyers to verify any restriction and city ordinances regarding redevelopment and/or improvement to there satisfaction.
Price
$550,000
Not Applicable
Los Angeles
P1-16192
Active
Description
Exciting Development Opportunity in City Terrace - Three Adjacent Hillside Lots with Spectacular Views, Totaling 29,127 sqft! We present an extraordinary investment proposition tailored for developers and investors seeking a remarkable opportunity. Nestled in City Terrace, this offering comprises three contiguous lots with a combined area of 29,127 sqft. Perched on a hillside, the location offers breathtaking 180-degree views of the surrounding University hills and the prestigious CSULA (Cal State University Los Angeles). The potential for this property knows no bounds, allowing for a multitude of possibilities. With its proximity to CSULA, there exists the exciting prospect of developing student housing to cater to the university's growing population. Alternatively, the site holds great promise for residential development, making it an attractive venture for those seeking to create a vibrant community. These exceptional lots provide a canvas upon which visionary developers and investors can leave their mark. Capture the attention of those who value both natural beauty and strategic location, and seize the opportunity to shape the future of this remarkable locale. For more information and to explore this incredible development opportunity, please contact us. Together, let's transform possibilities into reality. Potential Buyers to verify any restriction and city ordinances regarding redevelopment and/or improvement to there satisfaction.
Listing Information
Property Type: Land, Other
0.67 Acres
Public Records
Commercial,Investment,Multi-Family
Not Applicable
Public
None
None,Sewer Not Available
Unimproved
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
City
LCC2VV
None
0-1 Unit/Acre,Sprinklers None
Driving Directions
On Marengo Southside of 10 freeway, West of City Terrance Drive (West of Harrison Elementary School)
Financial Considerations
5229010018
Cash
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California.
Los Angeles, California 90063 has a population of 127,294.
The median household income in Los Angeles, California 90063 is
$49,884.
The median household income for the surrounding county is $73,262
compared to the national median of $66,222.
The median age of people living in Los Angeles 90063 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
Street Address
City
Beds
Baths
Sold Price
Sold Date
No information is available for recently sold properties within this search.