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5306 Oakland St

For Sale

$1,395,000

5306 Oakland St

5306 Oakland St, Los Angeles, CA 90032, USA

RTI + SB8 Exempt Development Opportunity to Build 4 Townhomes in El Sereno

THE QUICK FACTS

BEDROOMS

7

BATHROOMS

6

LOT SIZE (SF)

7099

FLOORS

3

ABOUT

5306 Oakland St

YEAR BUILT

We are excited to present this RTI development opportunity in El Sereno.

Currently on the massive 7,099 SF LARD1.5 lot stands a 3-bedroom 2-bathroom single family home spanning 1,432 SF and a detached 2-car garage just one lot from the corner with alley access.

Approved plans call for the demolition of the existing structure to build four new 4-bedroom townhome style units distributed across nearly 10,000 SF of building space. All floor plans feature 4.5 bathrooms, in-unit washer/dryer, bedroom balconies, open concept kitchen/living/dining rooms, and 2 parking spaces.

Furthermore, SB8 clearance is on hand verifying that no replacement units are required for the future development.

This pocket of El Sereno is the perfect home for multifamily developments as such boasting strong connectivity to major hubs such as the Cal State LA campus, Downtown Los Angeles, Pasadena, and Alhambra.

Property Location

5306 Oakland St, Los Angeles, CA 90032, USA

Contact Agent

Yohann Bensimon

310-923-1550

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