Pacoima CA Real Estate & Land for Sale

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.

SB9 Lot split. Vacant, flat buildable lot. No demo needed. No parking required. Zoned for up to two units (R1 but allows an SFR or duplex.) Canbuild 2X800 sqft units. Ministerial approval (No hearings required)

MAJOR PRICE REDUCTION, SELLER WANTS OFFER! FIXER UPPER, INVESTOR SPECIAL OR Special Opportunity for a Builder or Investor to create an income producing property to build & hold or build & Sell. 2 lots, potential to build house plus ADU on each once the lots are un-tied. Build to suit, great potential for income producing property. LARGE LOT WITH 2 APN #, has alley access and all utilities on site. Currently a single family house on site with alley access. You can customize the design to fit your needs and preferences, and enjoy the benefits of a steady income stream. The rendering photos posted will give you a good idea of the potential build.Central & convenient location, close proximity to transportation, shopping and other amenities. The seller is eager to make a deal, special financing might also be on the table, open to getting your offer and making a deal. Don't miss this rare chance to create a profitable property.