10810 Woodley Ave, Los Angeles, CA 91344

Property Description

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. 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.