$1,149,000

We are proud to present for sale over half an acre ideal for 13 Townhouse units built by Right (including ADUs) in a low density neighborhood consisting of single family residences. Rehab the existing 3+2 house with 1,963 SF and a detached garage, while adding ADUs on the vast lot! Can also add more By-Right Units! This is a great Land Bank for future development, in a family-friendly neighborhood with good schools. The trees on site make the freeway almost disappear, giving the feel of being in the woods surrounded by lovely trees. Build a family compound! A Developer may also choose to use SB684 for Ministerial Approval for a Tract Map or a Buyer can choose to use the new CHIP Program as the property is in an OC-1 Opportunity Corridor Incentive Area, which allows for higher density and up to 5 stories of height. Situated at 10810 Woodley Ave., abutting a wide Government-owned parcel running along the freeway, the property currently features a vacant SFR on a flat and generous 26,197 SF lot in the desirable neighborhood of Granada Hills. Zoned RD3, with the benefit of Tier 9 SAFMR (currently at $3,370 for a 2 Bed and $4,270 for a 3 Bed) the property is offered at $43.86 per square foot of land, combining zoning flexibility, strong local rents, and land to spare! The neighborhood has easy access to parks, restaurants, markets, is a hop to the 118 freeway (elevated and separated by trees) and a skip to the 405. The area is designated a High TCAC Opportunity Area and is not subject to RSO. A great opportunity! The "Future Alley Dedication" was relinquished by the City.