5
See all 5 photos
$9,000,000
Est. payment /mo
1.06 Acres Lot
New
12335 Osborne Pl Pacoima, CA 91331
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
03/06/2025 01:17 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25507501
Lot Size 1.057 Acres
Acres 1.0571
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 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
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Marcus & Millichap