411 Punahou St Altadena, CA 91001

Vacant lot with approved (RTI) plans leading into a five-unit residential development. The project is designed for efficient and practical construction. Each unit features a well-designed 2-bedroom, 2.5-bath layout. Plans are fully approved, including MEPs. The building utilizes a timber structural system with cantilevered design elements, providing a private 9-foot-deep backyard for each unit. The site also includes on-site parking along a 23-foot-wide driveway, accommodating at least five vehicles, with potential for additional spaces. Located in a primarily single-family neighborhood with ample street parking. Strong value relative to nearby areas, with ongoing redevelopment and new construction contributing to the area's growth. Close to Lake Avenue, yet set back enough to remain quiet. City and mountain views. Buyer and buyer's agent to independently verify all information and perform their own due diligence. The lot has been cleaned and relatively leveled following the fire, including Phase 1 and Phase 2 debris removal by the Army Corps, as well as additional work by the seller. Many neighboring properties have been rebuilt or are currently under construction. Drive by only.