5150 South Western Avenue

Los Angeles, CA 90062

$1,225,000
Price
6,502 / 0.15
Lot Size / Acres

Description

Prime Development Opportunity – Vacant Land with RTI Plans! Presenting an outstanding opportunity for developers and investors: vacant land with Ready-to-Issue (RTI) plans to construct 4 luxurious three-story units in the form of two duplexes. Each unit is thoughtfully designed with: 5 bedrooms and 5 bathrooms per unit a total building area of 8,412 sqft across all units. Modern layouts offering functionality and style. No RSO and Not subject to SB8 regulations, Streamlined project ready to go! Located...Prime Development Opportunity – Vacant Land with RTI Plans! Presenting an outstanding opportunity for developers and investors: vacant land with Ready-to-Issue (RTI) plans to construct 4 luxurious three-story units in the form of two duplexes. Each unit is thoughtfully designed with: 5 bedrooms and 5 bathrooms per unit a total building area of 8,412 sqft across all units. Modern layouts offering functionality and style. No RSO and Not subject to SB8 regulations, Streamlined project ready to go! Located in a desirable area, this property is perfect for those seeking to maximize their return on investment with a turnkey development opportunity. Buyer to perform their own investigations and due diligence regarding all aspects of the property, plans, and development. This is a rare chance to build an impressive project—don't miss out!
  1. Listed by Jaime Ruiz • DRE #01415230 • Brokerage DRE #01817506 • OPTION ONE REALTY & INVESTMENT • 626-825-7325

Property Details for 5150 South Western Avenue

View
None
Lot Size Source
Assessor
Assessor Parcel Number
5003-005-015
New Construction
No
Pool
No
View
No
Association
No
Association Fee
$.00
LISTING UPDATED: 12/02/2024 08:46 AM

Property Details for 5150 South Western Avenue

StatusActive
MLS #CV24240264
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.15 AC
CountyLos Angeles County

Building Information for 5150 South Western Avenue

Lot Size0.15 AC

Property Information for 5150 South Western Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: 1571
  • Tax Census Tract: 2324.01
  • CFD/Mello-Roos Fee: $343
  • Tax Lot: 30
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: Street
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 5150 South Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5150 South Western Avenue

Taxable ValueLand$750,000Additions-Total$750,000
Tax Record2024$9,337 ($778 / month)
Home Facts
Beds0Lot Size6,500 SqFtStyleResidentialZoningLAC2CountyLOS ANGELESAPN5003-005-015

Schools near 5150 South Western Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 11
Public - 9 to 12
Rating
School
Distance
Normandie Avenue Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5150 South Western Avenue is a 0.15 ac of land for sale in Los Angeles, CA 90062. This property was listed for sale on December 2, 2024 by OPTION ONE REALTY & INVESTMENT, it's currently listed at $1,225,000. It has been on the market for a total of 18 days and was last sold on July 24, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Normandie Avenue Elementary School, Western Avenue Technology Magnet and Barack Obama Global Preparation Academy. 5150 South Western Avenue is a 0-bed, 0-bath, 0.15 ac of land on a 6,502 sq. ft. / 0.15 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of OPTION ONE REALTY & INVESTMENT, Jaime Ruiz, DRE #01415230

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.