United StatesCaliforniaNorth Hills9433 Sepulveda Boulevard

9433 Sepulveda Boulevard
9433 Sepulveda Boulevard North Hills, California 91343 United States

$7,235,000
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Situated within a residentially dominated segment of North Sepulveda Blvd., the Valley Villas development opportunity will offer an extremely rare opportunity to acquire a site entitled for 100% market rate townhome condominiums in the North...

Evanisko Realty & Investment

Listing Courtesy of Evanisko Realty & Investment
$7,235,000
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2.27 Acres
Exterior
Land
Property type
SR21183534
Web Id
SR21183534
MLS ID
Los Angeles Unified
School District
28
days ago

About 9433 Sepulveda Boulevard

Situated within a residentially dominated segment of North Sepulveda Blvd., the Valley Villas development opportunity will offer an extremely rare opportunity to acquire a site entitled for 100% market rate townhome condominiums in the North Hills neighborhood of the City of Los Angeles just a few blocks south of Mission Hills.The site has undergone a rigorous entitlement process extending nearly six years to reach a final state of entitlement which includes an approved general plan amendment, zone change, vesting tentative tract map, building line removal, and site plan review. Most recently, a modification to VTT and CPC cases was processed and approved to allow for project phasing (unit map) of what was initially a 75-unit entitled project into a 58-unit entitled project (phase) and a 17-unit entitled project (phase). ONLY THE 58 UNIT PHASE IS BEING OFFERED FOR SALE AT THIS TIME.The recent modification to the entitlements was exacted to allow for the phased recordation of the tentative map and effectuation of zone change conditions to enable the project to be built/sold/etc. in two separate phases as separate projects. Each phase is owned by a separate landowner. The modification required technical changes to the site plan, tentative map, conditions, etc. such that each phase meets guest parking, open space, and other technical requirements.The entitled land affords the perfect opportunity to deliver attainable housing at a location that will see little to zero new housing stock due to legislative changes which have eliminated the economic viability of zone changes previously required to entitle the swaths of agriculturally zoned real estate dominating the northerly San Fernando Valley submarkets. The Valley Villas represents perhaps the last vestige of the North San Fernando Valleys pre JJJ/Pre-Linkage Fee entitlement environment. Both build-and-sell, and build-to-rent strategies are worthy of consideration for this project.Please contact Frank Evanisko for additional information regarding your interest in acquiring this development opportunity.

Listing Courtesy of Francis Evanisko, Evanisko Realty & Investment, 01790747, Active

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lot description
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PROPERTY INFORMATION

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City Lights, Hills, Neighborhood, Valley
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Public

EXTERIOR

Lot Description
0-1 Unit/Acre, 16-20 Units/Acre, 11-15 Units/Acre, 2-5 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre, 36-40 Units/Acre, 31-35 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Level, Rectangular Lot, Tear Down

9433 Sepulveda Boulevard, North Hills, California 91343 United States is a Land for Sale for $7,235,000.   on a lot of 2.27 Acres ( m2) and it's composed from .


Listing Courtesy of Evanisko Realty & Investment

Evanisko Realty & Investment

Listing Courtesy of Evanisko Realty & Investment
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.