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Land for sale:
10123 Lanett Avenue
Whittier, CA 90605
Price $988,000
Beds N/A
Baths N/A
Status Available
County Los Angeles
Listing ID# 48825265
Estimated Payment $3,660
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$988,000 Land for Sale in Whittier, CA

Real Estate for Sale, ListingId:48825265, location: 10123 Lanett Avenue Whittier 90605

Bret Lewis

Bret Lewis, Broker

Data Provided by:
California Regional Multiple Listing Service


Specifications of Land and ... Project:â⿬¢ APN: 8158-027-011 (6,020 SF)â⿬¢ APN: 8158-027-016 (43,647)â⿬¢ Lot Size Combined: 49,667 SF (1.14 Acres)â⿬¢ Zoning: RA-6000; 1 Unit/6000 SF â⿬¢ 11 Townhomesâ⿬¢ 10 Market Townhomesâ⿬¢ 1 Restricted Townhome (CA Bonus Density Program;)â⿬¢ Square Feet: Variable Choice Before Submitting to Building (1600 SF â⿬⿿ 2200 SF)â⿬¢ 3 Bed, 2.5 Bathâ⿬¢ Unincorporated L.A. County (Whittier Area)â⿬¢ Submitted: 9/27/17 (Very thorough Submittal, back and forth with planning, fire, etc. for over 1 year before submittal)â⿬¢ Gross Sale Price of Townhouses: 6M (estimated) (10 Market Units at 550K-600K + 1 Restricted Unit at roughly 200K)â⿬¢ TTM estimated approval May 2018Notes:1) Unit Size: The project has flexibility by maxing out unit size for planning submittal (there are a few reasons for this).Based on Market Prices, 1700 SF is about the sweet spot and such alteration should be easy to do prior to the Building and Safety Submittal. 2) Market Value:In terms of layout, these units have SFR characteristics (detached and open space around them).Comps Limited, but Closest Representation: 9804 Jersey Av # 1, Santa Fe Springs 90670 â⿬⿿ 1983 SF built 2015, sold May 2017 for 570K, yet attached.Subject should have more appeal with detached walls.Estimated Valuation (as of November 2017) using 1700 SF is $550 to $600K. MLS# PW17257450.

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