MLS® ID: SR19256101
5318 Wilkinson Avenue
Valley Village, California, 91607 $1,500,000
One-time opportunity! Attention Buyers, Developers, Investors & Contractors!Fantastic location in an area with multiple units, this prime property is in the heart of Valley Village, and features a main house of 3 bedrooms, 2 bathrooms, a detached pool house with toilet, detached garage and kidney-shaped pool in the back, lot is zoned RD 1.5 - low/medium density multifamily residential zone - which allows for at total of 3 dwelling units - one for every 1,500 soft. of the 5,317 sqft. lot.
Loads of potential that can include duplexes, fourplexes, bungalow courts, and small lot subdivisions with a max. height of 4 stories (Buyer advised to check with LADBS and other governing authorities with regards to zoning and use of property). New construction and luxury renovations are happening all around, and property values are amongst some of the fastest rising in the San Fernando Valley. Pictures of adjacent property under construction are attached.