$2545000 Price Analysis   ♡   Pacoima, CA 91331 Unknown bed 0 bath unknown SqFt ($0/SqFt) 1.0 acre lot. Listed 2022-11-03, Taxes $16666 | Ⓧ USDA Ineligible due to property near Los Angeles |
We are pleased to present 12342 Osborne Place
* Sale Pending *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 sde 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.
Presented by Filip Niculete at
Marcus & Millichap.
Property MLS #22-215247 from TheMLSCLAW
Lot Size Dimensions: 132x330
Lot Size Square Feet: 43532
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: Glenoaks & Osborne
Source Property Type: Land
Area: Pacoima
Source Neighborhood: Pacoima
Parcel Number: 2537-001-033
Postal Code Plus 4: 2013
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $1419090 $1419090 | $16666 |
| 2021 | $unknown + $1391265 $1391265 | $16477 |
| 2020 | $unknown + $796694 $796694 | $9686 |
| 2019 | $unknown + $781073 $781073 | $9297 |
| 2018 | $unknown + $765758 $765758 | $9266 |
| 2017 | $unknown + $750744 $750744 | $9061 |
| 2016 | $unknown + $736024 $736024 | $8876 |
| 2015 | $unknown + $724969 $724969 | $8746 |
| 2014 | $unknown + $710768 $710768 | $9801 |
| 2013 | $unknown + $707556 $707556 | $8787 |
| 2012 | $unknown + $693683 $693683 | $9869 |
| 2010 | $unknown + $680082 $680082 | $8701 |
| 2009 | $unknown + $2000000 $2000000 | $24539 |
| 2009 | $unknown + $675000 $675000 | $24539 |
| 2008 | $unknown + $2754000 $2754000 | $32896 |
| 2007 | $unknown + $2700000 $2700000 | $31845 |
$2545000
TheMLSCLAW
Listing removed 2020-05-22
$0
TheMLSCLAW
Price Changed 2019-08-30
$2800000
TheMLSCLAW
Price Changed 2019-06-25
$2995000
TheMLSCLAW
Listed 2019-05-16
$3200000
TheMLSCLAW
Sold 2009-07-31
$675000
Public Record
Sold 2006-12-29
$2700000
Public Record
Sold 2005-10-31
$738000
Public Record
Sold 2003-06-24
$430000
Public Record
Sold 2003-06-23
$430000
Public Record
Sold 1988-02-05
$250000
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.