11378 Ovada Pl Los Angeles, CA 90049 11378 Ovada Pl Terrain 5 293,29 ha À vendre 6 237 232 € Los Angeles, CA 90049

Miller & Desatnik Realty presents 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel-Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree-lined cul-de-sac, this property provides a unique blend of exclusivity and convenience.
Development Options:
Small Lot Subdivision – The proposed plan features an 8-unit small lot subdivision with a mix of five (2-bedroom) and three (3-bedroom) townhomes spanning four levels. Each residence includes:
* Private garages with direct unit access
* Expansive open-concept living areas with a guest powder room
* Well-appointed third-floor sleeping quarters
* Private rooftop decks with stunning views
The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months.
ED1 Low-Income Housing Development – The site can alternatively support an approximate 90-unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast-track path to development.
CHIP OC-3 Density Bonus Project – Another option includes a mixed-income development under CHIP OC-3 guidelines, allowing for approximately 70% market-rate units while leveraging density incentives.
Existing Income-Generating Property:
The site currently features a 4-unit building, consisting of:
Three (2-bedroom) units – Two leased at $2,343 and $2,731 respectively, with one vacant.
One (1-bedroom) unit – Currently vacant.
Please do not disturb or alert the tenants of the potential sale.
This is a rare chance to develop in one of Los Angeles' most sought-after neighborhoods.