Pacoima, CA 91331,12335 Osborne Pl
Pacoima, CA 91331,12335 Osborne Pl
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$4,995,000
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1.06 Acres Lot
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12335 Osborne Pl Pacoima, CA 91331

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26639493

Lot Size 1.057 Acres

Acres 1.0003

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. 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 trafc along Van Nuys Blvd. The city is collaborating with the County of Los Angeles to secure funding for the next stage of revitalization. This next phase aims to enhance the facades of existing structures in the area with the goal of establishing a vibrant city center focused on the arts, shopping, dining, and new nightlife opportunities.

Location

State CA

County Los Angeles

Area Pacoima

Zoning LARD1.5

Exterior

View Y/N No

View None

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Vena Avenue Elementary

    Public | KG - 5

  • 8

    Harding Street Elementary School

    Public | KG - 5

  • 8

    Brainard Elementary School

    Public | KG - 5

  • 6

    Dyer Street School

    Public | KG - 5

  • 6

    O'Melveny Elementary School

    Public | PK - 5

  • 6

    Stonehurst Elementary School

    Public | PK - 5

  • 5

    Liggett Street Elementary School

    Public | KG - 5

  • 5

    Morningside Elementary School

    Public | KG - 5

  • 5

    Sharp Avenue Elementary

    Public | KG - 5

  • 5

    Vaughn Next Century Learning Center

    Public | KG - 12

  • 5

    Montague Charter Academy

    Public | KG - 5

  • 5

    Strathern Elementary School

    Public | PK - 5

  • 5

    Roscoe Elementary

    Public | KG - 5

  • 4

    Chase Street Elementary

    Public | KG - 5

  • 4

    Canterbury Avenue Elementary School

    Public | KG - 5

  • 4

    Vista Del Valle Dual Language Academy

    Public | PK - 5

  • 4

    Pacoima Elementary

    Public | PK - 5

  • 4

    Broadous Elementary School

    Public | KG - 5

  • 3

    Bert Corona Charter

    Public | 5 - 8

  • 3

    Fernangeles Elementary

    Public | PK - 5

Middle Schools 9
  • 6

    Puc Community Charter Middle School

    Public | 6 - 8

  • 5

    Puc Lakeview Charter Academy

    Public | 6 - 8

  • 4

    Richard E. Byrd Middle School

    Public | 6 - 8

  • 4

    Charles Maclay Middle School

    Public | 6 - 8

  • 3

    San Fernando Middle School

    Public | 6 - 8

  • 3

    Pacoima Middle School

    Public | 6 - 8

  • 1

    Phoenix Academy Residential Education Center

    Public | 7 - 12

  • 0

    Puc Nueva Esperanza Charter Academy

    Public | 6 - 8

  • 0

    San Fernando Institute of Applied Media

    Public | 6 - 8

High Schools 15
  • 8

    Puc Lakeview Charter High School

    Public | 9 - 12

  • 6

    Cesar E. Chavez Learning Academies - Social Justice Humanitas

    Public | 9 - 12

  • 6

    Discovery Charter Preparatory No. 2

    Public | 9 - 12

  • 5

    Arleta High School

    Public | 9 - 12

  • 5

    San Fernando High School

    Public | 9 - 12

  • 5

    Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment

    Public | 9 - 12

  • 4

    Cesar E. Chavez Learning Academies - Academy of Science Exploration

    Public | 9 - 12

  • 4

    Francis Polytechnic Senior High School

    Public | 9 - 12

  • 1

    Cesar E. Chavez Learning Academies - Technology Preparatory Academy

    Public | 9 - 12

  • 1

    Sun Valley High School

    Public | 9 - 12

  • 0

    Mission Continuation

    Public | 9 - 12

  • 0

    St Genevieve High School

    Private | 9 - 12

  • 0

    Robert H. Lewis Continuation

    Public | 9 - 12

  • 0

    Puc Triumph Charter High School

    Public | 9 - 12

  • 0

    Puc Community Charter Early College High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Jennifer Stuart

Jennifer Stuart

Agent | RE.56321

+1(702) 265-4498

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12335 Osborne Pl