We are pleased to exclusively present for sale one of the two parcels of land that are located in an area with zoning RD-5 for residential and multi-family developments. -Property # 1: APN 5216-007-004 (2418 N Eastern Ave, Los Angeles) (34,450 SF) This property is one of the two parcels that are separately owned by individuals who have agreed to combine their properties for the purpose of jointly undertaking a residential development project in the past. There are plans for this project to be redeveloped with 8 units of single-family units (RD-5 zoning), although it may be possible to build as many as 12 units for both parcels (buyer to check with city). The project now is ready for a new investor/developer to take over to continue with residential developments. The subject property is a rare opportunity for the developers to build their dream residential projects that is located only 20 minutes driving from Downtown Los Angeles and five minutes driving to California State University, Los Angeles. Don’t miss this land development opportunity.