12342 Osborne Place, Pacoima, CA 91331

$2,800,000
List Price
$2,800,000
Price Change
▼ $195,000 1567198358
MLS#
19467418
Lot Size
43,497
Property Type
Land
Status
Active

Property Description

We are pleased to present 12342 Osborne Place, a unique "shovel ready" 26-unit townhouse development opportunity in the Pacoima neighborhood of Los Angeles, CA. This rare development offering will be delivered with permits pulled and paid, allowing a developer to begin construction right away.In a qualifying Opportunity Zone, the offering 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 Place 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.

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Courtesy of Marcus & Millichap, Filip Niculete.

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