

Seller Financing Available!! Prime Multifamily Development Opportunity in Sun Valley, Ca. Rare opportunity to acquire two adjacent parcels totaling approximately 13,800 SF in a strong rental market with outstanding multifamily development potential. Consisting of one 7,800 SF lot and one 6,000 SF lot, this site is zoned R3-1 and located within a Transit Oriented Community (TOC) Tier 1, offering developers the ability to maximize density and significantly reduce development costs. Build up to 19 units by right, or take advantage of TOC incentives and density bonus programs to develop up to 38 units, with only a limited number of units required to be rent restricted (buyer to verify). An added benefit: no parking requirements, creating substantial savings and allowing for more efficient site planning and increased unit yield. The property also features convenient rear alley access, providing added flexibility for site design, construction access, utilities, trash enclosures, and improved circulation. Ideally situated near public transportation, major freeways, shopping, dining, and employment centers, this is an exceptional opportunity for developers and investors looking to capitalize on the continued demand for housing in the San Fernando Valley. Seller financing available, creating additional flexibility for qualified buyers and developers. Buyer to independently verify zoning, development standards, density bonus eligibility, TOC incentives, and all building requirements with the City of Los Angeles.
Lot Size
13,800 sqft
Days on Market
0
HOA Fee
N/A
MLS #
BB26108238
Lot Features
Level, Near Park, Near Public Transit, Rectangular Lot
Water Source
Public
Curbs, Park
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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