Views
Address
9433 Sepulveda Boulevard North Hills, CA
Price
$ 7,235,000
Property Attributes
  • MLS#SR21183534
  • TypeLand
  • CountyLOS ANGELES
  • CityNorth Hills
  • AreaNorth Hills
  • Zip91343
  • Style
  • Price$ 7,235,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.27 Acres
Listing Provided Courtesy Of:
Francis Evanisko - BRE#01790747 with Evanisko Realty & Investment - 213-200-6957
Data Source:
Crisnet - 313 - CA
Property Description

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 Valley’s 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.

Price History
8/19/2021 Listed $7,235,000

General Features

Association Y/N Yes
Community Features Street Lights, Urban, Valley
Listing Agent Francis Evanisko - BRE#01790747
Listing Agent State License 01790747
Lot Size Square Feet 98755
MLS Area NOH - North Hills
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, 1031 Exchange, Submit
View City Lights, Hills, Neighborhood, Valley
Zoning (T)(Q)RD1.5-1

Exterior Features

Lot Features 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
Lot Size Acres 2.27
Lot Size Area 98755
Lot Size Source Assessor
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 91343

Price
AVG $7.24M
$7.24M
Visits
AVG 26
27
Walkscore
AVG 60
60
Data Provided by Walkscore ® not using MLS data

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