7317 Vineland Avenue
Sun Valley, CA 91352
$1,950,000
- 0.32 acres
Listed by Khoren Muradyan · MLS #BB26108238
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7317 Vineland Avenue, Sun Valley, CA 91352 · MLS #BB26108238
A FEW THINGS TO NOTICE
What stands out.
Property size
0.32 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
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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.
THE NEIGHBORHOOD
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7317 Vineland Avenue, Sun Valley, CA 91352
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THE DETAILS
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- Property type
- Land
- Category
- Land
- Utilities
- ElectricityAvailable,NaturalGasAvailable,SewerAvailable,WaterAvailable
- Zoning
- R3-1
- Parcel
- 2315025046
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
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$250,000Listing information
MLS #BB26108238 · California Regional MLS
Listing brokerage: Khoren Muradyan
Listing agent: Chris Muradyan
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.