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$1,300,000
Est. payment /mo
7,503 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26634677
HOA Y/N No
Lot Size 7,503 Sqft
Acres 0.17
Property Sub-Type Unimproved Land
Property Description
PRICE REDUCED! We are proud to present for sale a redevelopment opportunity in Woodland Hills, just off the 101, in an area that has experienced a massive change recently, and that is ready to accept your future tenants! Just west of Topanga Canyon Blvd. and south of Ventura Blvd., the property sits in the Highest TCAC Opportunity Area, and boasts a Tier 4 SAFMR, the highest payment standard designation. With a generous 7,500 SF of already-cleared land with 50 feet of frontage, the property is currently an outlier-zoned R1, while being designated as Community Commercial Land Use by the General Plan - with the next-door property zoned CR (an R4 equivalent). The property is in the Ventura / Cahuenga Boulevard Corridor Specific Plan Area. Utilize SB1123 to build around 10 homes on the property or focus on 100% Affordable Housing and take advantage of the Tier 4 SAFMR. The 335 Unit Apartment Complex next door, built in 2020, was purchased by HACLA in 2025. The property is in a DDA (Difficult Development Area), which can be a benefit to LIHTC Financing. Just a five minute walk to the intersection of Topanga and Ventura, this Very-Walkable area is just a stone's throw to Ralphs and Sprouts markets, with fast, casual and fine dining (from Chipotle to Casalna), nightlife and much more ju
Location
State CA
County Los Angeles
Zoning R1-1VL
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2169025085
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Listed by Dario Svidler • Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122