12335 Osborne Place Active Save Request In-Person Tour Request Virtual Tour
Pacoima (los Angeles),CA 91331
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25507501
Lot Size 1.057 Acres
Property Sub-Type Unimproved Land
Property Description
We are excited to present 12335 Osborne Place, a 100% affordable development project located in Pacoima, California. This 46,035 square foot (1.06 acre) lot will be delivered with RTI (Ready to Issue) plans for a 5-story building that will include 293 affordable units. The project plans feature a great unit mix of 281 one-bedroom units, and 12 two-bedroom units. Additionally, zero parking is required per AB 2345.This offering is situated within a qualied Opportunity Zone, providing a range of benets for investors. Investors can take advantage of signicant tax incentives, including the deferral, reduction, and potential elimination of capital gains taxes, which can greatly enhance overall returns. With Opportunity Zones set to expire at the end of 2026, this project presents an extraordinary opportunity for investors to buy, build, and renance before the expiration date. Furthermore, the project will benet from ongoing and future developments in the area, leading to rent growth and gentrication.The city of Pacoima is undergoing revitalization by developing a pedestrian-friendly and community-oriented downtown along Van Nuys Blvd, stretching between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this initiative has already been implemented, which included measures to slow down
Location
State CA
County Los Angeles
Zoning LARD
Exterior
View Y/N false
View None
Building
New Construction No