7317 Vineland Avenue, Sun Valley, CA 91352
- $1,950,000
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- BB26108238
- Lot Size
- 13,800
- Acres
- 0.32
- Lot Location
- Level, Near Park, Near Public Transit, Rectangular Lot
- Days on Market
- 72
- Property Type
- Land
Property Description
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.
Additional Information
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Chris Muradyan (muradyan83@yahoo.com) from Listing Office: Khoren Muradyan.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.