Remarks:
Attention Builders & Developers: Construction Underway on Adjacent Lots! Rare opportunity; seven contiguous lots in the highlands of Glassell Park. Only minutes from downtown, great hillside location affords peaceful tranquility in a country setting, as well as great mountain, canyon and city light views. The seven parcels have a total sq. footage of 38,580 sq. ft. (3 additional contiguous parcels are also available from a different seller; MLS#11-548055 priced at $210,000 bringing to a total 10 available lots with 54,510 sq. ft.)
The last developed house is located at (4227 Scandia Way (sold for over $1M in 2008). Four adjacent vacant lots are currently under development; with two additional lots to be developed immediately afterward. Once these lots are developed, property value has potential to increase dramatically. Check it out for yourself and decide if this is the opportunity you have been looking for. NOTE: As of May 2012, infrastructure development is underway on adjacent lots; take a visit to the site and see for yourself all the construction activity! (Note: Developer is Cornerstone Construction and Design, the firm that developed Auburn 7 in Silver Lake featured in Dwell Magazine. Visit their projects @ www.4site.us.
Directions to the property: from Eagle Rock Boulevard, turn east on Avenue 40; follow until it intersects with Scandia Way. Turn left on Scandia Way. Follow Scandia Way until it reaches Avenue 42. In front of you will be a sign reading "Not a Through Street". Continue on Scandia Way to the end. After the last house 4227 Scandia Way, there are four lots on the left Seller claims are slated for development (buyer to verify); look for the "For Sale Sign" and the orange flags ahead of you. The orange flags mark the approximate south and east boundary of the lots, right next to the "paper street" (Note the depression in the roadway and existing sewer drains). Parcel maps should be in the literature box next to the sign; total package is 27,172 sq. ft. (5,454 sq.ft. average). Two of the northernmost lots are downslope; the other three are relatively flat. Call listing agent for more details or to accompany you to the property.
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