"An incredible development opportunity situated on 1.398 acres (60,904 sf) of land on a quiet, private cul-de-sac. Enjoy the tranquil views and natural picturesque surrounding while being only 20 minutes from DTLA, the Staples Center, USC, the Arts District, Chinatown and more. Next door to Monterey Park, near both the 10 and 60 fwys, and an abundance of shopping & many authentic restaurants.The property is currently zoned R1 and subdivided as 4 vacant lots. An initial proposal to have the 4 lots re-subdivided into 6 new lots for the construction of 6 new SFRs has received positive feedback from LA County's Sr Regional Planner. Please contact Listing Agent to see the Architectural Endorsement and Current & Proposed Lot Subdivisions information. There is currently a small house on Lot #36 in poor condition & being sold as a tear down - please do not disturb the tenants. CURRENT LOTS: (Lot #36) 5,844 SF (Lot #37) 6,416 SF, (Lot #38) 7,966 SF, (Lot #45) 40,678 SF, PROPOSED 6 LOTS: (Lot #36) 5,000+ SF, (Lot #37) 5,164 SF, (Lot #38) 7,640SF, (Lot #41) 9,877 SF, (Lot #42) 8,532 SF, & (Lot #45) 18,746 SF"