7800 Jordan Ave, Los Angeles, CA 91304
- $1,100,000
- List Price
- $1,100,000
- MLS#
- 26859397
- Lot Size
- 16,005
- Lot Location
- City
- Days on Market
- 7
- Property Type
- Land
Property Description
We are pleased to present a 16,000 SF development opportunity for sale. The subject property is located in a strong Warner Center adjacent location, north of Saticoy Street and west of Owensmouth Avenue. Zoned RS-1, this property is eligible for small-lot subdivision under SB 1123, also known as the "Starter Home Revitalization Act" (Buyer to verify). Under this program a developer would be allowed to subdivide the 100' x 160' (16,000 SF) rectangular parcel into up to ten (10) smaller fee-simple parcels for the purpose of building attached or detached single-family on each with an option to add ADUs. A developer would benefit from the low-cost construction profile that typically sells at a higher price per foot than any other asset type. The property will be delivered vacant with no history of past leases. Situated in a strong Warner Center adjacent location, this offering presents a rare opportunity for any developer to capitalize on an expedited ministerial approval process to build fee-simple single-family product at an attractive land basis.
Additional Information
- Lot Description
- Value In Land, Single Lot, Lot Shape-Rectangular, Redevelopment Area
- View
- City
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Courtesy of CBRE, John Boyett - CA DRE#02056759
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