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11761 Fenton Avenue

Lakeview Terrace, CA 91342
  • $2,995,000
  • STATUS: Active
  • ON SITE: 192 Days
  • ID#: SR21106176
UPDATED: 48 min ago
$2,995,000
  • 0
    BEDS
  • 2.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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 + ADUs if desired.

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Based on information from CRISNet MLS as of 2021-11-27T20:55:59.683. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

Based on information from the i-Tech MLS as of 2021-11-27T20:55:59.683. 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.corrieluxuryhomes.com/homes/117331103
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11761 Fenton Avenue Lakeview Terrace, CA 91342

  • Price: $2,995,000
  • Status: Active
  • On Site: 192 Days
  • Updated: 48 min ago
  • ID#: SR21106176
0
Beds
0
Baths
0
½ Baths
2.16
Acres
Neighborhood:
673 - Lake View Terrace
County:
Los Angeles
Area:
673 - Lake View Terrace
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 + ADUs if desired.
Exterior Features

Lot Features 2-5 Units/Acre6-10 Units/Acre11-15 Units/Acre16-20 Units/AcreLot 10000-19999 SqftLot 20000-39999 SqftLot Over 40000 SqftRectangular LotLevel Lot Size Area 94090.0000 View Mountain(S)Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsFoothillsGuttersSidewalksSuburban Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lard6

Listing provided courtesy of Francis Evanisko, CA DRE# 01790747, of Evanisko Realty & Investment.


Based on information from CRISNet MLS as of 2021-11-27T20:55:59.683. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

Based on information from the i-Tech MLS as of 2021-11-27T20:55:59.683. 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.
 
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