REDUCED! Build Low or High Density on 26K Lot @ $43.86 PSF

Highlights:

• 13 Townhome Potential - Feasibility Study Available
• Higher Density Mixed Use Potential - CHIP Program
• SAFMR Tier 2 • $3,370 for 2 bed, $4,270 for 3 bed
• Separation from Freeway with Large Trees
• Immediate Access to 118 Freeway, Easy Access to 405
• Near Parks, Well-Ranked Schools, Restaurants, Supermarkets & More
• No RSO - Vacant SFR

Description:

PartnersCRE is proud to present for sale over half an acre ideal for 13 Townhouse units built by Right (including ADUs) in a low density neighborhood consisting of single family residences.

Rehab the existing 3+2 house with 1,963 SF and a detached garage, while adding ADUs on the vast lot! Can also add more By-Right Units! This is a great Land Bank for future development, in a family-friendly neighborhood with good schools. The trees on site make the freeway almost disappear, giving the feel of being in the woods surrounded by lovely trees. Build a family compound!

A Developer may also choose to use SB684 for Ministerial Approval for a Tract Map or a Buyer can choose to use the new CHIP Program as the property is in an OC-1 Opportunity Corridor Incentive Area, which allows for higher density and up to 5 stories of height.

Situated at 10810 Woodley Ave., abutting a wide Government-owned parcel running along the freeway, the property currently features a vacant SFR on a flat and generous 26,197 SF lot in the desirable neighborhood of Granada Hills.

Zoned RD3, with the benefit of Tier 9 SAFMR (currently at $3,370 for a 2 Bed and $4,270 for a 3 Bed) the property is offered at $43.86 per square foot of land, combining zoning flexibility, strong local rents, and land to spare!

The neighborhood has easy access to parks, restaurants, markets, is a hop to the 118 freeway (elevated and separated by trees) and a skip to the 405. The area is designated a High TCAC Opportunity Area and is not subject to RSO. A great opportunity!

The "Future Alley Dedication" was relinquished by the City.

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