Mount Carmel Dr Glendale, CA 91206
- Land
- 27.14 lot acres
Current Use by Public Records
- Land
Property Details for 0 Mount Carmel Dr
- Lot size
- 27.14 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 27.14-acre property in Glendale, CA, presents a unique opportunity for high-end residential development. Located in Los Angeles County, this prime infill site boasts breathtaking 360-degree views of city lights, mountains, and canyons. The property comprises ten individual vacant and unimproved parcels, seven in Los Angeles and three in Glendale, accessible via Mount Carmel Drive. Current Ai and ROS III zoning permits a variety of uses, including single-family dwellings, potentially allowing for the development of at least ten view lots, with the possibility of additional accessory dwelling units (ADUs) on each lot. An owner-developer could explore further subdivision for increased density. Surrounded by multi-million dollar homes, this location offers unparalleled luxury and convenience. Easy freeway access to the 134, 2, and 101 freeways ensures excellent connectivity. The land is priced at $1.75 million, or $1.60 per square foot. This is an exceptional opportunity to create a prestigious residential community in a highly desirable area. The irregular shaped hillside lots offer unique building opportunities. The property is situated on the hillside northeast of the intersection of the Ventura (134) and Glendale (2) Freeways.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Los Angeles
- State
- California
- Longitude
- -118.224
- Latitude
- 34.1516
