We are proud to present 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree lined cul de sac, this property provides a unique blend of exclusivity and convenience. Development Options: Small Lot Subdivision The proposed plan features an 8 unit small lot subdivision with a mix of five (2 bedroom) and three (3 bedroom) townhomes spanning four levels. Each residence includes:* Private garages with direct unit access* Expansive open concept living areas with a guest powder room* Well appointed third floor sleeping quarters* Private rooftop decks with stunning views. The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months. ED1 Low Income Housing Development The site can alternatively support an approximate 90 unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast track path to development.CHIP OC 3 Density Bonus Project Another option includes a mixed income development under CHIP OC 3 guidelines, allowing for approximately 70% market rate units while leveraging density incentives. Existing Income Generating Property:The site currently features a 4 unit building, consisting of:Three (2 bedroom) units Two leased at $2,343 and $2,731 respectively, with one vacant.One (1 bedroom) unit Currently vacant. Please do not disturb or alert the tenants of the potential sale.This is a rare chance to develop in one of Los Angeles' most sought after neighborhoods.