We are proud to exclusively represent a premier development opportunity at 7131 Baird Avenue, centrally located in Reseda. This 24,529 SF vacant lot, zoned [Q]R2-2D-CDO and designated under the Community Commercial General Plan, presents an exceptional opportunity for a small lot subdivision or condominium project featuring potential Accessory Dwelling Units (ADUs). The site is eligible for state housing incentives under SB 684 and SB 1123. SB 684 facilitates ministerial lot splits allowing up to 10 housing units per lot, streamlining the entitlement process, and exempting projects from CEQA review and discretionary approvals. Similarly, SB 1123 supports streamlined processes for condominium projects, encouraging the addition of ADUs by simplifying zoning compliance and reducing procedural timelines. Additionally, 7131 Baird Avenue is situated within a Transit Oriented Communities (TOC) Tier 1 zone, offering incentives such as increased floor area, bonus density, and reduced parking requirements due to its proximity to transit. With favorable zoning, streamlined entitlement processes, and strategic location near transportation and commercial corridors, this property represents an outstanding infill development opportunity in one of Los Angeles' actively supported growth areas.
Don’t miss this incredible opportunity to own this lot in a high-visibility, high-traffic area of Reseda! Zoned RS, this 28 ft x 286 ft lot is located at the busy corner of Vanowen St. and Kitridge St. on De Soto Ave, right by McDonald’s, Jack in the Box, and a Chevron gas station. Conveniently accessible via both the 101 and 405 freeways. Buyer to verify all information with the City, including current zoning, building permits, and the possibility of rezoning or future use changes.
We are excited to offer a premier opportunity to acquire a Ready-to-Issue (RTI), 91-unit, fully Affordable Housing Development, set on a spacious 16,010 SF lot in the highly sought-after and rapidly evolving Reseda neighborhood. This prime site is perfectly situated for accessibility, just moments away from key local destinations like the Van Nuys Airport and Warner Center, providing seamless access to transportation, shopping, and major employment centers. Designed for both efficiency and cost-effectiveness, this 4-story, stacked on-grade development features a thoughtfully planned unit mix, including 23 studios, 62 one-bedroom units, and 6 two-bedroom units, offering approximately 42,011 SF of buildable space. Set in a primarily residential area, the site offers excellent street parking availability, as well as a walkable environment with essential services and public transit just a short stroll away. The project benefits from eligibility for participation in the HCD Schedule VI moderate-income and TCAC Schedule IX low-income programs, both of which are standard for 100% affordable housing developments in Los Angeles. With the potential to attract Section 8 voucher tenants, rental income could increase by as much as 20% per unit, providing significant financial upside. A standout feature of this development is its zero parking requirement, resulting in substantial cost savings and a streamlined, transit-friendly design. With a Walk Score of 88, the neighborhood is rated as "Very Walkable," making it a perfect location for residents who prioritize ease of access to transit and daily amenities. This is an exceptional opportunity for investors looking to capitalize on one of Los Angeles' most promising affordable housing projects.
