Situated in the sought-after El Sereno area, east of downtown Los Angeles, the property at 1922 Seigneur Ave is an exceptional development opportunity. This 0.1088-acre lot, zoned for R1 residential use, is poised for a significant project. The location offers easy access to the 10 Freeway and Eastern Ave, making it highly desirable. The terrain's distinctive rolling slope and irregular shape provide a unique setting for a custom-designed home. Fully equipped with essential utilities, this property is development-ready. Emphasizing a lifestyle connected with nature, the neighborhood's proximity to parks and trails enhances its charm. An intriguing aspect of this listing is the high market value of nearby homes, often reaching nearly $1,000 per SqFt, indicating a promising investment potential. Buyers are advised to verify all pertinent information with the city, as the zoning regulations allow for considerable development in proportion to the land size. This property represents not just a land purchase, but an opportunity to create a prestigious and profitable residential build in a rapidly appreciating area of Los Angeles.
Property Type :
Land
County :
Los Angeles
Style :
Land
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ByOwner last updated this listing 05/15/2024 @ 15:35
MLS: SB24015406
LISTED BY: Emily Lin, Equity Union
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
