The property is currently improved with a single family residence that is rented to a tenant. However, the property is being marketed as land for development of a 49 unit apartment building which will require demolition of the existing residence. Zoning could allow up to 71 units to be developed. The property will be delivered vacant at the Close of Escrow. Buyer will be responsible for demolition of the existing SFR after closing and the cost of further plan processing and building permits. Buyer to cooperate with Seller’s exchange at no expense to Buyer. Please submit Letters of Interest for consideration and to initiate negotiations. Do not disturb the tenant. Drive by only until a purchase contract has been negotiated. Contact Don Hinton at 818-421-9071 or email don.hinton@evrealestate.com with any questions or to obtain additional project information. Please see link below for Partial Plans