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14008 Foothill Boulevard

Los Angeles CA 91342

21556 sq. ft.
Land
Currently for sale - view listing

Overview

We are excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and 2 bedroom units. There is the opportunity to build even more by constructing 6+ floors and scrapping the parking. Being an ED1 eligible site allows an expedited approval process for 100% affordable developments which enables project approval within months. Current improvements include an occupied duplex on a month-to-month basis paying $3,775 per month. This allows a buyer to obtain a loan while working to get their entitlements and permits in place.This development site benefits from strategic positioning within Sylmar, CA. Boasting proximity to essential amenities, including schools, shopping centers, and recreational facilities, the site offers residents convenient access to daily necessities and leisure pursuits. Additionally, its favorable locale within the greater Los Angeles area ensures connectivity to major transportation routes, enhancing accessibility for residents commuting to neighboring districts. Such attributes underscore the desirability and viability of this investment opportunity within a burgeoning market for affordable housing. Moreover, the site's surroundings encompass a burgeoning community characterized by ongoing urban development and economic growth initiatives. As part of a dynamic neighborhood fabric, this investment holds promise for contributing to the local socio-economic landscape while addressing the pressing need for affordable housing solutions. In summary, this development site presents a compelling proposition for investors seeking to engage in socially impactful ventures within a burgeoning real estate market.

Features

21556 sq. ft. lot size
Land

Happy sellers in Los Angeles

94%
94% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

In the last 12 months, 8 land plots similar to 14008 Foothill Boulevard, have been sold.

This represents a 28% increase in land plots sales when compared to the previous 12 months.

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(619) 566-0008
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