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$ 4,490,000
Est. payment /mo
New
18218 Strathern Reseda, CA 91335
1.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26228923
Lot Size 1.501 Acres
Property Sub-Type Lots/Land
Property Description
**RARE 1.5-ACRE DEVELOPMENT OPPORTUNITY THREE CONTIGUOUS LOTS, THREE EXISTING SINGLE-FAMILY HOMES, ENDLESS POSSIBILITIES!** An exceptionally rare offering in the heart of the San Fernando Valley, featuring approximately 65,380 square feet of combined land across three separate parcels at 18218, 18210, and 18204 Strathern Street. Each parcel features its own existing single-family residence, all individually rented on a month-to-month basis, providing an opportunity for rental income while exploring future development possibilities. All three homes and their existing tenancies are included in the sale. This unique assemblage presents an exceptional opportunity for developers, builders, and investors to capitalize on a substantial landholding with multiple potential development strategies. Explore the possibilities of a multifamily residential community of approximately 2030 units, a planned subdivision of approximately 10 homes, or retaining the three existing residences while exploring the addition of up to four ADUs per parcel, potentially creating 15 residences across the property. The expansive combined land area offers the opportunity to envision an entirely new residential community in an established San Fernando Valley neighborhood. Whether pursuing a larger residential development or maximizing the potential of each individual parcel, opportunities of this scale and versatility are increasingly difficult to find. **THREE PARCELS. THREE EXISTING HOMES. ONE EXTRAORDINARY OPPORTUNITY!** All three properties must be purchased together and are offered AS-IS, subject to e
Location
State CA
County Los Angeles
Direction Lindley to Strathern
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas
View Y/N No
Others
Senior Community No
Tax ID 2102014005
Listed by Saro Dilanchian, DRE#01314546 Latitude Real Estate & Invest