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Mount Carmel Drive - 27.5 Acre parcel

27.5 Acres of Residential Land Offered at £1,380,750 in Glendale, CA 91206

Investment Highlights

  • 27.5 Acres - Prime Los Angeles location -360 degree hillside View Lots

Executive Summary

Prime development site for luxury view homes. The 10 lots can be subdivided to allow more residential development potential.

Property Facts

Price £1,380,750
Sale Type Investment
Sale Conditions
1031 Exchange
  • High Vacancy Property
  • Development Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 27.50 AC

1 Lot Available

Lot

Price £1,380,750
Price Per AC £50,209
Lot Size 27.50 AC

10 individual and contiguous lots. Access is off of Mount Carmel.

Description

Marcus & Millichap is pleased to offer for sale a total of ten vacant and contiguous unimproved parcels of land of which seven are located in Los Angeles and three parcels are located in Glendale, CA. The development site consists of 27.14 acres of unentitled land currently zoned (A-1) Agricultural and ROS 111( Glendale parcels)-residential. The individual parcels are irregular in shape . Accessibility to the parcels is currently on a grontage road called Mount Carmel Drive. It is estimated that the hillside terrain has a usable lot utility estimated to be 17 acres. Wonderful surrounding 360 degree views of city lights, mountains and canyons. Some of the permited uses in the A1(Agricultural) Los Angeles zoning allow single family dwellings, parks, playground, commercial home occupations, greenhouses, farming, murseries, raising of livestock and equine facilities and trails. Suitable for high end luxury view homes or agricultural uses - equine, vineyards, hiking trails, crops, etc.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5672-006-001
Land Assessment
£55,981
Improvements Assessment
£0
Total Assessment
£55,981

zoning

Zoning Code A-1 and R-1 (Residential and agricultural designated land)
A-1 and R-1 (Residential and agricultural designated land)
  • Listing ID: 25803468

  • Date on Market: 27/05/2022

  • Last Updated:

  • Address: Mount Carmel Drive, Glendale, CA 91206

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