Additional details
$75,000
Est. payment /mo
1.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25533585
HOA Y/N No
Lot Size 1.501 Acres
Property Description
The listed address of 1848 Newell is based on addresses of nearby developed properties. The County of Los Angeles has confimed the address. The LA County GIS system indicates that the average slope of the lot has a desending slope of 3 feet of vertical for every 1 foot of horizontal towards the north. The previous home on the property was built on stilts. The likely buyer is someone who wants to utilize the the Transfer Development Credit Program to increase the size of a home that exists or they want to build in the Malibu Bowl neighborhood in Corral Cyn. and it is priced accordingly. There are other homes nearby which indicates that this may be developed as a single family home. The owner was told by the county that he would be limited to about 900 Sq. feet of habitable space plus a garage. No plans, approvals, studies or reports exist. The current owners inherited the property over 25 years ago and have decided it is surplus to their needs.
Location
State CA
County Los Angeles
Area C33 - Malibu
Zoning LCR17500*
Interior
Fireplace No
Exterior
View Y/N Yes
View Canyon, Park/Greenbelt, Hills, Mountain(s)
Building
Lot Description Horse Property, No Landscaping, Rectangular Lot, Value In Land, Sloped Down
Sewer Septic Type Unknown
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4457011001
Acceptable Financing Cash
Horse Property Yes
Listing Terms Cash
Special Listing Condition Standard
Read Less Info
Listed by Paul Grisanti Pinnacle Estate Properties