Pacoima, CA 91331,10550 Haddon AVE
Pacoima, CA 91331,10550 Haddon AVE
Pacoima, CA 91331,10550 Haddon AVE
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$380,000

$370,000

2.7%
Est.Price: ?

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Est. payment /mo

7,501 Sqft Lot


SOLD DATE : 07/25/2024

Key Details

Sold Price $380,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24389125

Sold Date 07/25/24

HOA Y/N No

Lot Size 7,501 Sqft

Property Description

We are pleased to present 10550 Haddon Ave in Pacoima, CA. The offering is a vacant lot spanning 7,498 square feet (0.17 acres). The property presents an opportunity to construct a duplex along with two detached accessory dwelling units (ADUs), capitalizing on the increasing demand for housing in the area. Moreover, Senate Bill 9 (SB 9), also known as the Housing Opportunity and More Efficiency (HOME) Act, further enhances the investment appeal by streamlining the development process. SB 9 facilitates two primary avenues for development: Two Unit Developments and Urban Lot Splits. It simplifies and expedites the permitting process for constructing two primary dwelling units on single-family zoned lots, as well as subdividing existing single-family zoned lots into two individual parcels without the need to meet the minimum lot size requirements typically imposed by the underlying zoning regulations. This legislation aligns with the ongoing efforts to address California's housing shortage by promoting infill development opportunities, making this property an attractive option for investors seeking to capitalize on the evolving real estate landscape. Pacoima, situated in the San Fernando Valley region of Los Angeles, California, offers a dynamic blend of urban convenience and suburban charm. Boasting a rich cultural tapestry shaped by its diverse community, Pacoima is renowned for its vibrant neighborhoods and bustling commercial corridors. The area's proximity to major transportation routes, including Interstate 5 and Interstate 210, facilitates seamless connectivity to surrounding cities such as San Fernando, Sylmar, and Mission Hills. Each of these neighboring communities contributes its own unique character to the region, from the historical significance of San Fernando to the picturesque landscapes of Sylmar and the commercial vibrancy of Mission Hills. Together, these cities form a network of interconnected communities, providing residents and visitors alike with a myriad of amenities, recreational opportunities, and cultural experiences. Whether exploring Pacoima's local eateries and markets or venturing out to nearby attractions, the San Fernando Valley offers a dynamic living environment that celebrates diversity and fosters community spirit. *NOTE: Buyer to rely on their own research to confirm development potential.

Location

State CA

County Los Angeles

Area Pac - Pacoima

Zoning LAR1

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 2619026004

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Filip Niculete • Marcus & Millichap
Bought with Andrew Zeiser • Seven Gables Real Estate

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Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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