Profile picture for 1959rich

I am part owner of tha property at 14167 Polk ST. Sylmar.

This property has been rezoned Multi-Family.  Plan are approved for 18 town homes, nine separate buildings. All plans approved and project is ready to go? How much does this increase the value of the property.  
  • March 20 - Los Angeles
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Answers (2)

Profile picture for KevinDibben
Hello,

The answer depends upon how much the 18 condos would sell for when they are built. If we assume they would sell for $350,000 each then your land could be worth as much as $2 million. There are a lot of variables of course.

Please contact me for more information.

Kevin
  • March 20
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Profile picture for sunnyview
Zillow does not estimate commercial property so your single Zestimate is unlikely to change until the zoning is finalized and each unit is sold under the new address to new owners.
  • March 20
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