1-Acre Residential Development Site
Estate of Neil Michael
PRICE REDUCED! Attention Developers! 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.