Skip To Content

12342 Osborne Pl

Pacoima, CA 91331
  • $2,545,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 22-215247
UPDATED: 6 min ago
$2,545,000
  • 0
    BEDS
  • 0.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

We are pleased to present 12342 Osborne Place, a unique opportunity for a developer to build either 29 units by-right or 45 units with density bonus. The offering is located in a qualified "Opportunity Zone", providing a developer with major long term tax benefits. In addition to the densities provided above, a developer has a couple more options when deciding the project. A developer has the added options of taking TOC Tier 1 + ADUs or building 100% affordable units. A developer could build up to 56 units taking TOC Tier 1 + ADUs and an unlimited amount of units by building 100% affordable.12342 Osborne Place 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 Pl 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. Phase 1 of this plan has already been implemented, with traffic-slowing measures along Van Nuys Blvd. The city is working with the County of Los Angeles to obtain funding for the next stage of revitalization, which would include funding to improve the faade of existing structures in this area, with the intention of creating a community oriented city center with a focus on the arts, shopping, dining and new nightlife opportunities.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-07T11:42:40.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/134525261
Print Image

12342 Osborne Pl Pacoima, CA 91331

  • Price: $2,545,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 6 min ago
  • ID#: 22-215247
0
Beds
0
Baths
0
½ Baths
0.99
Acres
Neighborhood:
Pacoima
County:
Los Angeles
Area:
Pacoima
Property Description
We are pleased to present 12342 Osborne Place, a unique opportunity for a developer to build either 29 units by-right or 45 units with density bonus. The offering is located in a qualified "Opportunity Zone", providing a developer with major long term tax benefits. In addition to the densities provided above, a developer has a couple more options when deciding the project. A developer has the added options of taking TOC Tier 1 + ADUs or building 100% affordable units. A developer could build up to 56 units taking TOC Tier 1 + ADUs and an unlimited amount of units by building 100% affordable.12342 Osborne Place 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 Pl 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. Phase 1 of this plan has already been implemented, with traffic-slowing measures along Van Nuys Blvd. The city is working with the County of Los Angeles to obtain funding for the next stage of revitalization, which would include funding to improve the faade of existing structures in this area, with the intention of creating a community oriented city center with a focus on the arts, shopping, dining and new nightlife opportunities.
Exterior Features

Lot Size Area 43532 View Description None View YN No

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Other Source Lot Size Dimensions Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap: 818-212-2700.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-07T11:42:40.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-215247-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-215247-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-215247-2.jpg
Logo
Real Estate Toolbox | EXP Realty
1720 E. Los Angeles Ave, Suite # F
Simi Valley CA, 93065