List Price: $1.27M

Listing Status: Active

Original List Price: $1.5M

Days on Market: 177

0 Bedrooms · 0 Bathrooms

Property Type: Land

Lot Size: 26,074 sq ft

MLS Number: 25609003

About This Property

PRICE REDUCED! We are 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. A Developer may also choose to use SB684 for Ministerial Approval fora 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 RD3-1, with the benefit of Tier 2 SAFMR (currently at $3,256 for a 2-Bed and $4,136 for a 3-Bed) the property is offered at $48.63 per square foot of land, combining zoning flexibility, strong local rents, and land to spare! This quiet, family-friendly 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!

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