Description

PRICE REDUCED! We are proud to present for sale a rare acre-sized redevelopment opportunity in the Tujunga area of Los Angeles! Consisting of three contiguous lots totaling around 44,776 square feet of land, the site currently features three small houses (one vacant) spread across two lots, along with a third undeveloped lot. The properties back up to a commercially zoned parcel on Foothill Blvd. that includes a McDonalds, an IHOP and a CVS, among other storefronts. Zoned R1, these combined properties are perfect for CHIP density up to 20+/- units on the expansive land, potentially allowing for a cost-effective on-grade project that with streamlined construction in this TCAC-designated Highest Resource Area. The existing Tenant-occupied units have been fully remodeled and rented in 2023 with good income. The site contains a couple of protected Live Oak Trees, but given the generous lot sizes, a project could be thoughtfully designed around them. Tujunga is known for its natural surroundings and laid-back lifestyle, while offering easy access to the 210 freeway and proximity to La Crescenta, Montrose and La Canada Flintridge. Reach the San Fernando Valley in minutes, or take the 2 Freeway to quickly connect with the greater DTLA area. This serene, walkable location offers green space in every direction, making it an ideal setting to build an oasis that will keep future tenants for the long term. Site Summary and Land Use Analysis & a Tree Exhibit are available upon request. Listing includes the following APNs: 2564-012-013, 2564-012-014, and 2564-012-015.