12342 Osborne Place, Pacoima
Pacoima Home Sale
We are pleased to present 12342 Osborne Place, a unique opportunity for a developer to build either 29 units by-right or 45 units with density bonus. The offering is located in a qualified "Opportunity Zone", providing a developer with major long term tax benefits. In addition to the densities provided above, a developer has a couple more options when deciding the project. A developer has the added options of taking TOC Tier 1 + ADUs or building 100% affordable units. A developer could build up to 56 units taking TOC Tier 1 + ADUs and an unlimited amount of units by building 100% affordable.12342 Osborne Place is comprised of 43,532 SF (approx. 1.0 acres) of vacant land zoned (Q)RD1.5-1-CUGU. The lot is located on the East side of Osborne Pl in the southeast section of Pacoima, surrounded by Shadow Hills, La Tuna Canyon, Sun Valley, and Arleta. This convenient San Fernando Valley neighborhood boasts commuter's accessibility with the 5, 210, and 118 freeways within close proximity of the subject property. The city of Pacoima is revitalizing the area by creating a pedestrian-friendly, community-oriented downtown along Van Nuys Blvd between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this plan has already been implemented, with traffic-slowing measures along Van Nuys Blvd. The city is working with the County of Los Angeles to obtain funding for the next stage of revitalization, which would include funding to improve the faade of existing structures in this area, with the intention of creating a community oriented city center with a focus on the arts, shopping, dining and new nightlife opportunities.
Property Details
Additional Information
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- City:
- Pacoima
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- County:
- Los Angeles
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- Zip:
- 91331
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- MLS® #:
- 22215247
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- Lot Size:
- 1.00
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- HOA Dues:
- $
Price Change History for 12342 Osborne Place, Pacoima, (MLS® #22215247)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of August 11th, 2024 at 3:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.