$2,995,000
12330 Stanwood
Los Angeles, CA 90066
5
Beds
3
Baths
2,500
Sq. Ft.
1947
Year Built
Los Angeles
County
SingleFamilyResidence
Property Type
About this home
DEVELOPMENT OPPORTUNITY FOR SALE! CORNER LOT/R3-ZONED/TOC AND ED1 ELIGIBLE/BREEZY OCEAN VIEWS/OWNER-OCCUPIED PROPERTY IN PRIME MAR VISTA HILL NEIGHBORHOOD! Whether you Build to Rent, Build to Sell, or Remodel to Dwell as your Primary Residence, your investment in this prime corner lot screams Success! Potential for Strong Long-Term Investment Returns. Capitalize on current LA city directives to fast-track approval to build a 100% Affordable Housing PLUS leverage the Transit Oriented Communities (TOC) incentives to significantly increase your unit count from 10 to 17, unlock height extensions, and eliminate strict parking minimums. Premium R3 Zoning allowing you to bypass lengthy zoning variances to build multi-unit apartment complex and Capture the Westside’s booming high-rent, low-vacancy rental and resale market. Or subdivide and build Luxury Multi-Story Townhomes with Ocean Views, providing maximum buildable square footage. Or remodel the existing residence and Enjoy Ocean Views from Every Level currently configured as 7 bedrooms with 3 full baths! Add a Rooftop Deck with Firepit and Jacuzzi for a Panoramic Sanctuary! Add 2 more ADUs in addition to the existing garage ADU conversion for extra Cash Flow! Walking distance to Santa Monica College and centrally located between Santa Monica, Venice, Marina Del Rey, Culver City, Westwood, Brentwood, Beverly Hills, and Century City. Enjoy trendy shops, restaurants and nightlife along Venice Blvd. and the ever-popular Sunday Farmers Market at the bottom of Grand View Blvd! PLEASE BE COURTEOUS AND DO NOT DISTURB OCCUPANTS.
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Mortgage Estimate
$15,941/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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