Property Detail

Description

The listed address of 1840 Newell is an approximation based on addresses of nearby developed properties. The County of Los Angeles will assign an address when an application for construction is filed. The likely buyer is someone who wants to utilize the the Transfer Development Credit Program to increase the size of a home 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. No plans, approvals, studies or reports exist. The current owners have owned the property for over 15 years and have decided it is surplus to their needs.