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Fully Entitled Permit Ready Opportunity Zone 11523 Sproule Ave 0,44 Acres de Résidentiel Terrain Vente à l’encan en ligne Pacoima, CA 91331
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Faits saillants de l'investissement
- One-of-a-kind opportunity to acquire fully entitled land for 41 affordable housing units in one of LA's most supply-constrained housing markets.
- Capitalize on a level 0.44-acre lot featuring utility access, LAA2 zoning, and approved plans for a multifamily complex with surface parking.
- Conveniently positioned with easy access to the 5, 118, and 210 freeways, and surrounded by various retailers and dining establishments.
- Within an opportunity-zoned residential neighborhood, 11523 Sproule Avenue is well poised to benefit from the rising demand for affordable housing.
Résumé de l'annonce
Unlock the potential of a fully entitled affordable housing development opportunity at 11523 Sproule Avenue in Pacoima, California. Spanning 0.44 acres, the level site offers existing access to streets, water, and sewer utilities, streamlining the path toward construction. The property is improved with a single-family residence that can be removed to support future development. Located within a federally designated Opportunity Zone, the site may offer attractive tax benefits and capital gains incentives for qualified investors.
Approved plans allow for the development of 41 affordable housing units, including approximately 370-square-foot studios and 472-square-foot one-bedroom residences. Planned improvements include cost-efficient Type V construction and surface parking, enhancing both development feasibility and resident convenience. With entitlements secured and housing demand continuing to outpace supply, this offering represents an exceptional opportunity to bring new affordable housing to a high-demand infill location in the San Fernando Valley.
Strategically located, 11523 Sproule Avenue benefits from convenient access to Interstate 5, State Route 118, and Interstate 210, providing connectivity throughout the San Fernando Valley and to major employment centers including Los Angeles, Burbank, Glendale, Pasadena, and Santa Clarita. Residents and visitors enjoy proximity to a wide range of retail and daily conveniences, including Lake View Terrace Shopping Center, Pacoima Plaza of Stars, Target, Lowe’s, Costco Wholesale, and other national retailers. The surrounding area also offers recreational and community amenities, including Hansen Dam, scenic golf courses, and Whiteman Airport.
Pacoima, California, is a densely populated, renter-oriented community with more than 67,500 residents and approximately 47% of households renting. As housing affordability remains a critical challenge across Los Angeles, demand for affordable housing continues to grow. Supported by initiatives and policies encouraging new housing development, 11523 Sproule Avenue is well-positioned to capitalize on the growing need for quality affordable housing as population growth and rising housing costs continue to impact the region.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Approved plans allow for the development of 41 affordable housing units, including approximately 370-square-foot studios and 472-square-foot one-bedroom residences. Planned improvements include cost-efficient Type V construction and surface parking, enhancing both development feasibility and resident convenience. With entitlements secured and housing demand continuing to outpace supply, this offering represents an exceptional opportunity to bring new affordable housing to a high-demand infill location in the San Fernando Valley.
Strategically located, 11523 Sproule Avenue benefits from convenient access to Interstate 5, State Route 118, and Interstate 210, providing connectivity throughout the San Fernando Valley and to major employment centers including Los Angeles, Burbank, Glendale, Pasadena, and Santa Clarita. Residents and visitors enjoy proximity to a wide range of retail and daily conveniences, including Lake View Terrace Shopping Center, Pacoima Plaza of Stars, Target, Lowe’s, Costco Wholesale, and other national retailers. The surrounding area also offers recreational and community amenities, including Hansen Dam, scenic golf courses, and Whiteman Airport.
Pacoima, California, is a densely populated, renter-oriented community with more than 67,500 residents and approximately 47% of households renting. As housing affordability remains a critical challenge across Los Angeles, demand for affordable housing continues to grow. Supported by initiatives and policies encouraging new housing development, 11523 Sproule Avenue is well-positioned to capitalize on the growing need for quality affordable housing as population growth and rising housing costs continue to impact the region.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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- Operating and Financials
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Faits sur la propriété
| Type de propriété | Terrain | Taille totale du lot | 0,44 AC |
| Sous-type de propriété | Résidentiel | Zone de développement économique |
Oui
|
| Type de vente | Investissement | Condition de vente | Vente à l’encan |
| Planchers | 1 | Types de propriétaire | Pleine propriété |
| Zonage | LAA2 | ||
| Type de propriété | Terrain |
| Sous-type de propriété | Résidentiel |
| Type de vente | Investissement |
| Planchers | 1 |
| Taille totale du lot | 0,44 AC |
| Zone de développement économique |
Oui |
| Condition de vente | Vente à l’encan |
| Types de propriétaire | Pleine propriété |
| Zonage | LAA2 |
1 Lot disponible
Lot
| Taille du lot | 0,44 AC | Numéro de lot | 2532-006-011 |
| Taille du lot | 0,44 AC |
| Numéro de lot | 2532-006-011 |
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Conseiller(ère) en vente
Conseiller(ère) en vente
Sally Chesloff
Specializing in the Los Angeles luxury real estate market, Sally Cheslof at Rodeo Realty in Sherman Oaks, California, helps clients navigate every step of the buying and selling process with confidence, professionalism, and ease.
Born and raised in the Bay Area and now residing in Los Angeles, Sally Cheslof brings a unique perspective and local expertise to both regions. With a background in client-focused industries, she developed a strong foundation built on trust, attention to detail, and delivering seamless client experiences—values that continue to guide every real estate transaction.
Whether assisting buyers in finding their dream home, helping sellers maximize their property's value, or advising clients as they explore their options, Sally Cheslof is committed to providing dedicated service, transparent communication, and a passion for connecting people with the right opportunities.
Born and raised in the Bay Area and now residing in Los Angeles, Sally Cheslof brings a unique perspective and local expertise to both regions. With a background in client-focused industries, she developed a strong foundation built on trust, attention to detail, and delivering seamless client experiences—values that continue to guide every real estate transaction.
Whether assisting buyers in finding their dream home, helping sellers maximize their property's value, or advising clients as they explore their options, Sally Cheslof is committed to providing dedicated service, transparent communication, and a passion for connecting people with the right opportunities.
À propos de la technologie des enchères
Les enchères de Ten-X représentent la technologie de transaction numéro 1 pour les transactions immobilières commerciales en ligne. Avec plus de 34 milliards de dollars en transactions totales, ces enchères utilisent une technologie de pointe et des données en temps réel sur les actifs afin de maximiser les chances de trouver l’acheteur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acheteurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les courtiers, les propriétaires et les investisseurs.
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Contact pour la vente à l’encan
Keisha Hartshorn
Contact
Permis de l’encanteur:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Frais de transaction 3%
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de la mise gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3%)
Prix d’achat total
5 150 000 $ USD
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Fully Entitled Permit Ready Opportunity Zone | 11523 Sproule Ave
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Fully Entitled Permit Ready Opportunity Zone | 11523 Sproule Ave
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