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Lot/land
  • $3,500,000

    5808 Etiwanda Ave, Tarzana, CA 91356

    --beds
    --baths
    0.46Acres
    Unimproved Land
    Built in ----
    0.46 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    We are pleased to present a rare RTI (Ready-to-Issue) development opportunity at 5808 Etiwanda Avenue, ideally located in the heart of Tarzana, CA. This fully entitled project features approved plans for the construction of nine detached single-family small lot homes on a 19,898-square-foot parcel.Each home is designed as a modern, three-story residence with four bedrooms, three-and-a-half bathrooms, and an attached two-car garage. The site plan is optimized for efficient land use while offering a thoughtful mix of layouts to appeal to both owner-occupiers and investors. The project provides several strategic advantages: 1) No ULA transfer tax upon sale of individual homes, minimizing exit costs for developers. 2) Ideal for entry-level homebuyers seeking attainable single-family living in a high-cost area. 3) Strong potential as a build-to-rent investment, with projected rental income offering attractive yields. With RTI plans in hand, developers can break ground immediately and capitalize on strong housing demand in one of Los Angeles' most supply-constrained submarkets.
    32 days
    on Zillow
    |
    146
    |
    5
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    Zillow last checked: 7 hours ago

    Listing updated: April 22, 2025 at 05:07pm

    Listed by:

    Filip Niculete DRE # 01905352 818-212-2763,

    Marcus & Millichap 818-212-2700,

    Glen Scher DRE # 01962976 818-212-2808,

    Marcus & Millichap

    Source: CLAW,MLS#: 25525575MLS Logo
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    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.46 Acres
    Details
    • Parcel number: 2157012025
    • Zoning: LARD1.5
    • Special conditions: Standard

    Community & HOA

    Location
    • Region: Tarzana

    Financial & listing details

    • Tax assessed value: $1,156,107
    • Annual tax amount: $14,092
    • Date on market: 4/15/2025
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