Pleased to present a unique development opportunity in Panorama City, CA. The property consists of 31,500 square feet of land, which is zoned LARD2 and allows a builder to build one unit per every 2,000 square feet. The current owner has spent a considerable amount of time and well over $100,000 to rezone the property from its base zoning of RA-1 to the current LARD2. He has plans for 12 subdivided homes, each with three bedrooms and two bathrooms and over 2,000 square feet (per owner's comments). A developer would possibly be able to build up to 14 homes, each subdivided. Some builders have also proposed building 21 apartment units by using density bonus.