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$ 6,800,000
Est. payment | /mo
0.3 Acres Lot
$ 6,800,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25519291
HOA Y/N No
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Unimproved Land
Property Description
We are proud to present 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel-Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree-lined cul-de-sac, this property provides a unique blend of exclusivity and convenience. Development Options: Small Lot Subdivision The proposed plan features an 8-unit small lot subdivision with a mix of five (2-bedroom) and three (3-bedroom) townhomes spanning four levels. Each residence includes:* Private garages with direct unit access* Expansive open-concept living areas with a guest powder room* Well-appointed third-floor sleeping quarters* Private rooftop decks with stunning views. The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months. ED1 Low-Income Housing Development The site can alternatively support an approximate 90-unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast-track path to development.CHIP OC-3 Density Bonus Project Another option includes a mixed-income development under CHIP OC-3 guidelines, allowing for approximately 70% market-rate units while leveraging density incentives. Existing Income-Generating Propert
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4368016011
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by David Miller • Miller & Desatnik Realty Co.