3183 Olive Ave, Altadena, CA 91001

Property Description

Desirable corner lot ideal for development located in a prime Altadena neighborhood, previously known as Janes Village. This rectangular parcel is approximately 7,344 SF (per LA County Assessor). Situated west of Lincoln Ave, east of Fair Oaks Ave, south of Loma Alta Drive, and north of Altadena Drive, per the LA County Assessor. The property has undergone Phase 2 debris removal performed by the Army Corps of Engineers. This corner lot is perched on the west side of Olive Ave where it intersects with Marigold Street. Neighborhood infrastructure includes county paved road, curbs, electrical/utility poles, water, and county sewer. The lot shape is rectangular with a slight slope southward. Per the LA County Assessor the lot's dimensions are approximately 51 feet wide by 144 feet deep - buyer to independently verify. The lot is zoned LCR 175 – low density residential. The previous home was destroyed by the Eaton Fire, it was a Tudor inspired Jane's Cottage with 3 bedrooms-2 bathrooms within 1,448 SF of living space. Prior to the fire the home had sewer, water, electric, and gas stubbed to the site. Interested buyers are advised to independently investigate potential future uses and parcel remediation processes with the County of Los Angeles and applicable government agencies. For safety purposes please do not walk on the property, drive-by only. Fairly priced at approximately $68 per SF of land (based on LA County Assessor SF number of 7,344 SF). Property shall be sold "as-is," in its present physical condition. Although Phase 2 debris removal has been completed the seller makes no assurances the county will permit building without further soil remediation or soil testing. Seller has a survey and geotechnical report available for buyer review.