Deal of the century...
.....and it's just for you! Corner lot zoned residential in an existing SFR subdivision in Southern California. Priced right at 15% of the cost of nearby homes, utilities in street too. Walking distance to parks, commuter rail and revitalized downtown with new restaurants and entertainment district. Sounds great! Wonder why it's still available???
You can technically build on this lot. It would take variances and all sorts of other approvals to get something that’s marketable. So the thing sits. Point is, knowing that a property is zoned residential isn’t enough. Especially on infill lots. You have to have a decent idea of if the end product is something that is marketable. If not, then you could end up being stuck holding the bag. Do your research. Buy right so you can sell right.
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