Views
Address
11761 Fenton Avenue Lakeview Terrace, CA
Price
$ 2,995,000
Property Attributes
  • MLS#SR21106176
  • TypeLand
  • CountyLOS ANGELES
  • CityLakeview Terrace
  • AreaLake View Terrace
  • Zip91342
  • Style
  • Price$ 2,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.16 Acres
Listing Provided Courtesy Of:
Francis Evanisko - BRE#01790747 with Evanisko Realty & Investment - 213-200-6957
Data Source:
Crisnet - 313 - CA
Property Description

After years of perfecting entitlements and physical site attributes to eliminate risk variables pertaining to the developability of the project, market timing could not be more conducive to offer for sale the Fenton 15 opportunity. The 2.17-acre site is entitled for 15 lots – 13 of which are condo pads for detached two-story condominiums (entitlements were vested/filed prior to SLO when the condominium was the product of choice) and two SFR lots. The following is a synopsis of the entitlements and completed horizontal construction aspects being offered with the real estate: 1. Existing current/extended entitlements include zone change and tentative tract map. All final map conditions have been cleared except for conditions relating to public improvement bonding which will be the responsibility of the buyer. The entitlements were vested prior to the Linkage fee and JJJ making this one of the last (if not last) projects of its kind in the area – maybe even Los Angeles. 2. Wall and grading permits have been pulled and work on-site has commenced to complete all perimeter walls in order to rectify complex and irregular edge conditions including retaining walls and shoring. The site will be delivered with all perimeter retaining walls complete to approved specifications. 3. The site is NOT being delivered with RTI plans for the homes/condos. Viable floorplans for the 13 condos will allow for up to 2,330 SF in a two-story configuration and up to 2,680 SF for the wider unit pads. The two SFR lots would accommodate homes well over 3,000 SF + ADU’s if desired.

Price History
5/18/2021 Listed $2,995,000

General Features

Community Features Curbs, Foothills, Gutter(s), Suburban, Sidewalks
Listing Agent Francis Evanisko - BRE#01790747
Listing Agent State License 01790747
Lot Size Square Feet 94090
MLS Area 673 - Lake View Terrace
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Contract, 1031 Exchange
View Mountain(s), Neighborhood
Zoning LARD6

Exterior Features

Lot Features 16-20 Units/Acre, 11-15 Units/Acre, 2-5 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Level, Rectangular Lot
Lot Size Acres 2.16
Lot Size Area 94090
Lot Size Source Assessor
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 91342

Price
AVG $1.35M
$3M
Visits
AVG 34
22

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