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Active
13300 Valleyheart North Sherman Oaks, CA 91423
7,153 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26213094
Lot Size 7,153 Sqft
Property Sub-Type Lots/Land
Property Description
Prime location! Multifamily opportunity in an irreplaceable location in Sherman Oaks with no current Ellis act obligations. Ideal for luxury building or ED1 Project Approximately 50 Plus Affordable Units. 100% Affordable Project. The CHIP Ordinance contains the Affordable Housing Incentive Program (AHIP), which is applicable to 100% affordable housing projects. Since the Project Site is in the Highest Opportunity Area (as designated by the California Tax Credit Allocation Committee), a 100% affordable Project is allowed unlimited residential density, zero minimum automobile parking, a 33-foot height increase, and relief from any applicable roadway widening requirements. Up to five (5) Additional Incentives, on- or off-menu, plus one (1) Waiver of Development Standard, may be requested by the Project to achieve relief from applicable development standards (e.g., open space, setbacks, etc.) under various types of ministerial actions.
Location
State CA
County Los Angeles
Direction N of Moorpark St on the corner of Fulton Ave
Interior
Fireplace No
Exterior
Utilities Available Electric
View Y/N No
Others
Senior Community No
Tax ID 2360013012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Stephanie Vitacco, DRE#00985615 Equity Union