12128 Sheldon Street, Sun Valley CA 91352 | $750,000

EXCLUSIVE OFFERING

DEVELOPMENT OPPORTUNITY

EXCLUSIVE LISTING AGENTS:

Casey Picard

Managing Partner

D: 626.376.9224
M: 626.716.4451

E: Casey.Picard@AggregateIP.com
Cal BRE#:01921866

Ruben Oganesyan

Partner

D: 626.372.9286
E: Ruben@AggregateIP.com

Cal BRE#:01925499

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PROPERTY DESCRIPTION

 
Located on Sheldon Street in Sun Valley, California, this multi-family development site offers +/-15,351 square feet of land with underlying LAR3 zoning. According to the Los Angeles Municipal Code, a future developer will be allowed a by-right density of 19 units. 

A future developer may consider to increase density by implementing the use of affordable housing units. Through the use of a 32.5% affordable housing boost, a builder will have the ability to build +/- 25 unit apartment complex. 

With such a low price per unit and square foot entry point into the San Fernando Valley sub-market, this development opportunity is ideal for a builder looking to maximize a low land cost to maximize profits upon completion.
 

PROPERTY HIGHLIGHTS

  • Zoning allows for 19 unit by-right development opportunity
  • FAR of 3:1
  • Walking Distance to San Fernando Road
  • Easy Access to the 5 Freeway and San Fernando Road
  • Adjacent to Sun Valley High School
  • Within Proximity to Pacific Hospital of the Valley and North
    Valley Military Institute
  • Walking Distance to 7-11
  • Easy access to Bob Hope Airport
 
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CITY OF LOS ANGELES

 

CONTACT INFORMATION

 
EXCLUSIVE LISTING AGENTS:

Casey Picard

Managing Partner

D: 626.376.9224
M: 626.716.4451

E: Casey.Picard@AggregateIP.com
Cal BRE#:01921866

Ruben Oganesyan

Partner

D: 626.372.9286
E: Ruben@AggregateIP.com

Cal BRE#:01925499

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