1-Acre Residential Development Site

Estate of Neil Michael

IN ESCROW! Future Development Potential! Probate Sale. No Court Confirmation Required. This approximate ONE ACRE level development site in located in the highly desirable Melody Acres neighborhood. This oversized parcel (150’ x 296’ lot dimensions) has lot split potential. Recent sale of 5834 Corbin at $49/sq. ft. Current structures include two units, pool and storage areas. Convenient access to Ventura Blvd restaurants/shops, Hwy 101, The Village at Warner Center, West LA, Burbank Studios, and the Metro G Line connecting the area to Universal Studios, DTLA and beyond. Los Angeles zoning RA-1 with a minimum lot area per dwelling unit is only 17,500 sq. ft.

This property is offered as is, where is, with no warranty expressed or implied. The Seller and Kennedy Wilson make no representations regarding the property offered for sale, INCLUDING BUT NOT LIMITED TO, PROPERTY CONDITION, STATUS OF APPROVALS, COMPLIANCE WITH LOCAL BUILDINGS CODES, STANDARDS AND ORDINANCES, SIZES, SQUARE FOOTAGE, ZONING, DEVELOPMENT POTENTIAL, AND ABILITY OF PURCHASER TO OBTAIN APPROVAL OF A LOT SPLIT. Prospective Buyers must rely on their own inspections and research prior to making an offer. Terms of sale are subject to change or withdrawal without notice.

Property Information

Property Type:Land
Property Subtype:Land Residential
Address: 5852 Corbin Avenue
Tarzana , CA 91356
(View on map)
Lot Size:1.02 Acres
Property APN:2153-024-029
County:Los Angeles

Auction Information

Status:In Escrow
Auction Category:Probate
Listing Price$1,895,000

Listing Agent Information

Agent Name: Rhett Winchell (email)
Agent DRE Lic #: 00867471
Agent Phone: 818-371-0000
Company: Kennedy Wilson Real Estate Sales & Marketing

34.1775167, -118.5616777

Properties are offered with any improvements thereon as is, where is, with no warranty expressed or implied. Buyers are assuming any "Notice of Violation or Substandard" posted against the properties prior to the sale and after. The Public Administrator/Guardian and KW make no representations regarding the properties offered for sale (i.e. size, zoning, room count, unit mix, etc). Bidders must rely on its own inspections and research prior to bidding. No termite clearance will be supplied. EQUAL HOUSING OPPORTUNITY. Neither Kennedy Wilson nor Seller are responsible for failure to receive bidder’s offer for any reason including failures of any electronic system, email filtering or spam blocking. In no event will Seller or KW or any of their respective members, partners, employees, officers, directors, agents or representatives have any liability whatsoever to any bidder or other person or entity if Seller rejects or fails to conform to any terms, including failure or refusal to accept any offer.