11761 Fenton Avenue
Lakeview Terrace, CA 91342
2.16 acres | #SR21106176
Description
After years of perfecting entitlements and physical site attributes to eliminate risk variables pertaining to the developability of the project, market timing could not be more conducive to offer for sale the Fenton 15 opportunity. The 2.17-acre site is entitled for 15 lots – 13 of which are condo pads for detached two-story condominiums (entitlements were vested/filed prior to SLO when the condominium was the product of choice) and two SFR lots. The following is a synopsis of the entitlements and completed horizontal construction aspects being offered with the real estate:
1. Existing current/extended entitlements include zone change and tentative tract map. All final map conditions have been cleared except for conditions relating to public improvement bonding which will be the responsibility of the buyer. The entitlements were vested prior to the Linkage fee and JJJ making this one of the last (if not last) projects of its kind in the area – maybe even Los Angeles.
2. Wall and grading permits have been pulled and work on-site has commenced to complete all perimeter walls in order to rectify complex and irregular edge conditions including retaining walls and shoring. The site will be delivered with all perimeter retaining walls complete to approved specifications.
3. The site is NOT being delivered with RTI plans for the homes/condos. Viable floorplans for the 13 condos will allow for up to 2,330 SF in a two-story configuration and up to 2,680 SF for the wider unit pads. The two SFR lots would accommodate homes well over 3,000 SF + ADU’s if desired.
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Francis Evanisko (#F207017330)
Listing Office: Evanisko Realty & Investment (#F4995001)
Listing Courtesy (Buyer)
Buyer's Agent: Francis Evanisko (#f207017330)
