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4915 Gloria Avenue
Encino, California, United States

Description

Attention investors/developers! Welcome to this 30,000 square foot compound just north of the Blvd! This one of a kind corner lot property is being offered for sale for the first time in over 50 years! For a developer, the RE9-1 zoning allows the property to be subdivided into 3 new single family estate lots, 2 large lots or you can keep it as one lot & build a fantastic private oasis! The property has a 100 feet of frontage on Gloria and 300 feet of frontage on La Maida! Per the city there is a 10 foot street dedication on La Maida and 3 feet on Gloria! The property currently has multiple dwellings on it that are vacant with the exception of one unit that may or may not be occupied at the closing! A developer could rent out the existing units short term for income while obtaining the necessary entitlements to build new homes on the subject property! It is surrounded by multimillion dollar estate homes! The property is being sold in its present as is condition with no repairs by the seller! Buyer are advised to perform their own due diligence and rely on their own investigations regarding any future development, zoning, lot size, street dedication, removal of units and the entire property! ! There is a lot of open space which creates many options & endless possibilities depending on one’s needs! The property is located in the highly rated Hesby school district!

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Presented by

Rodeo Realty - Sherman Oaks

Rodeo Realty
Click To Show Phone
Main: +1 818 986 7300
Fax: +1 818 986 1066

Dan Drantch

Realtor
Rodeo Realty
Click To Show Phone
Main: +1 818 261 0030

Location

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