The listed address of 1848 Newell is based on addresses of nearby developed properties. The County of Los Angeles has confimed the address. The LA County GIS system indicates that the average slope of the lot has a desending slope of 3 feet of vertical for every 1 foot of… Read More horizontal towards the north. The previous home on the property was built on stilts. The likely buyer is someone who wants to utilize the the Transfer Development Credit Program to increase the size of a home that exists or they want to build in the Malibu Bowl neighborhood in Corral Cyn. and it is priced accordingly. There are other homes nearby which indicates that this may be developed as a single family home. The owner was told by the county that he would be limited to about 900 Sq. feet of habitable space plus a garage. No plans, approvals, studies or reports exist. The current owners inherited the property over 25 years ago and have decided it is surplus to their needs. Read Less
Courtesy of Pinnacle Estate Properties 310-456-0880
Listing Snapshot
Days Online
73
Last Updated
Property Type
Other
Lot Size
1.5 Acres
MLS Number
25533585
30 Days Snapshot Of 90265
$2.95M
-44%
(avg) sold price
9
0%
homes sold
136
+63%
(avg) days on market
Snapshot
Area Map
Additional Details
Disclosures
As Is, Coastal Commission Restrictions, Unincorporated Community
Water Features
Water: Water District
Lot
LotAcreage: 1.5006, LotSizeArea: 65,365, Horse Property Unimproved, Value In Land, Single Lot, No Landscaping, Raw Land, Lot Shape-Rectangular, Hillside
Miscellaneous
Coastal Commission
Property
HorseYN: 1, ViewDescription: Green Belt, Hills, Canyon, Mountains, ViewYN: 1, Zoning: LCR17500*
Sewer
Septic Tank
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