15226 Parthenia St, Los Angeles, CA 91343
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15226 Parthenia St, Los Angeles, CA 91343
15226 Parthenia St, Los Angeles, CA 91343
15226 Parthenia St, Los Angeles, CA 91343
15226 Parthenia St, Los Angeles, CA 91343
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$ 2,700,000
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15226 Parthenia St Los Angeles, CA 91343

0.42 Acres Lot


UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26896681

Lot Size 0.421 Acres

Acres 0.4212

Property Description

AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITY! 15226 Parthenia Street is a compelling affordable housing development opportunity in the heart of North Hills. This 18,339 SF lot presents a rare opportunity to develop a 100% affordable housing project within one of the Valley's most active and established affordable housing neighborhoods. Located within a 1/2 mile of a Major Transit Stop and utilizing Citywide Housing Incentive Programs, this site has no maximum density and is otherwise only limited by FAR and Height. Based on these parameters, the site may accommodate approximately 100 residential units, subject to design efficiency and required development standards.Pricing for this opportunity offers developers an attractive basis well below prevailing market land values for affordable housing projects. Affordable housing developers commonly pay between $50,000 and $100,000 per buildable unit for land, while 15226 Parthenia St is being offered at approximately $27,000 per potential unit. Buyer to independently verify all zoning, density, FAR, parking, entitlement, affordability program eligibility, development potential and governmental requirements

Location

State CA

County Los Angeles

Area North Hills

Zoning LAP

Exterior

View Y/N Yes

View Walk Street

Building

Lot Description Street Lighting, Street Paved, Walk Street, Fenced, Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Redevelopment Area, Curbs

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Studio City
Sharon Baluku
Sharon Baluku

Agent License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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15226 Parthenia St