7317 Vineland Avenue, Sun Valley, CA, 91352

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$1,950,000
124 Days On Site

7317 Vineland Avenue
Sun Valley, CA 91352

For Sale|Land|Active
County:
Los Angeles
Listed by Chris Muradyan of Khoren Muradyan muradyan83@yahoo.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
7317 Vineland Avenue
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Monthly Payment (Est.)

$8,897
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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.

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Listing Snapshot
Price 
$1,950,000
Days On Site 
124 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3168 Acres
Year Built 
N/A
MLS® Number 
BB26108238
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing first seen on site
4 months agoListing updated with changes from the MLS®
General Features
Acres 
0.3168
Land Lease 
No
Special Circumstances 
Standard
Utilities 
Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
R3-1
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Exterior Features
Lot Features 
LevelNear Public TransitRectangular Lot
Community Features
Community Features 
CurbsPark
MLS Area 
SUNV - Sun Valley
Financing Terms Available 
CashOwner May Carry1031 Exchange


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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