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    11761 Fenton Avenue

    Lakeview Terrace, CA 91342
    • $2,995,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: SR21106176
    UPDATED: 171 min ago
    $2,995,000
    • 0
      BEDS
    • 2.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    After years of perfecting entitlements and physical site attributes to eliminate risk variables pertaining to the developability of the project, market timing could not be more conducive to offer for sale the Fenton 15 opportunity. The 2.17-acre site is entitled for 15 lots 13 of which are condo pads for detached two-story condominiums (entitlements were vested/filed prior to SLO when the condominium was the product of choice) and two SFR lots. The following is a synopsis of the entitlements and completed horizontal construction aspects being offered with the real estate:1. Existing current/extended entitlements include zone change and tentative tract map. All final map conditions have been cleared except for conditions relating to public improvement bonding which will be the responsibility of the buyer. The entitlements were vested prior to the Linkage fee and JJJ making this one of the last (if not last) projects of its kind in the area maybe even Los Angeles.2. Wall and grading permits have been pulled and work on-site has commenced to complete all perimeter walls in order to rectify complex and irregular edge conditions including retaining walls and shoring. The site will be delivered with all perimeter retaining walls complete to approved specifications. 3. The site is NOT being delivered with RTI plans for the homes/condos. Viable floorplans for the 13 condos will allow for up to 2,330 SF in a two-story configuration and up to 2,680 SF for the wider unit pads. The two SFR lots would accommodate homes well over 3,000 SF + ADUs if desired.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117332622
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    11761 Fenton Avenue Lakeview Terrace, CA 91342

    • Price: $2,995,000
    • Status: Active
    • Updated: 171 min ago
    • ID#: SR21106176
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.16
    Acres
    Neighborhood:
    673 - Lake View Terrace
    County:
    Los Angeles
    Area:
    673 - Lake View Terrace
    Property Description
    After years of perfecting entitlements and physical site attributes to eliminate risk variables pertaining to the developability of the project, market timing could not be more conducive to offer for sale the Fenton 15 opportunity. The 2.17-acre site is entitled for 15 lots 13 of which are condo pads for detached two-story condominiums (entitlements were vested/filed prior to SLO when the condominium was the product of choice) and two SFR lots. The following is a synopsis of the entitlements and completed horizontal construction aspects being offered with the real estate:1. Existing current/extended entitlements include zone change and tentative tract map. All final map conditions have been cleared except for conditions relating to public improvement bonding which will be the responsibility of the buyer. The entitlements were vested prior to the Linkage fee and JJJ making this one of the last (if not last) projects of its kind in the area maybe even Los Angeles.2. Wall and grading permits have been pulled and work on-site has commenced to complete all perimeter walls in order to rectify complex and irregular edge conditions including retaining walls and shoring. The site will be delivered with all perimeter retaining walls complete to approved specifications. 3. The site is NOT being delivered with RTI plans for the homes/condos. Viable floorplans for the 13 condos will allow for up to 2,330 SF in a two-story configuration and up to 2,680 SF for the wider unit pads. The two SFR lots would accommodate homes well over 3,000 SF + ADUs if desired.
    Exterior Features

    Lot Features 16-20 Units/Acre11-15 Units/Acre2-5 Units/Acre6-10 Units/AcreLot Over 40000 SqftLevelRectangular Lot View Mountain(S)Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsFoothillsGutter(S)SuburbanSidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanContract1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lard6

    Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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