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Millman Team Real Estate

$5,925,000
1.09 Acre Lot

8350 Reseda Boulevard, Northridge, California 91324

  • Land Property Type
Property Description

We are proud to exclusively present for sale a huge vacant lot on Prime Reseda Blvd. in Northridge neighborhood of the San Fernando Valley, priced attractively at $125 PSF. Situated near Cal State Northridge (CSUN), the Northridge Fashion Center, Costco, Parks, and well rated schools, the traffic counts on Reseda Blvd. will provide for maximum visibility. The vacant lot measures over an acre, at 47, 404 SF, with 510 feet of frontage, providing many possibilities with its 90 to 95 foot depth. The property is perfect for an ED1 or Mixed-Use Project and features a Tier 1 SAFMR designation! The (Q)C2-1VL TOC Tier 3 Zoning should allow for drive-through restaurants or retail. This vacant land has no RSO issues, no replacement issues, no demolition issuesit’s just ready to work on your next big project! Just over a mile to the Metrolink Northridge Station, let Metrolink open up all of Southern California to your future residents, connecting to Burbank Airport, Union Station and the coming East San Fernando Valley Light Rail Transit Project! LA’s yet to be implemented Citywide Housing Incentive Program (CHIP) will benefit this property’s TOC Tier 3 designation, aligning Local and State density bonuses and simplifying the Mixed-Income Incentive Program (MIIP) and the Affordable Housing Incentive Program (AHIP). Possible concepts for development of the land (among many other options) include splitting the land into two pads straddling an existing easement, where one can mix and match retail or multi-residential. In Pad 1 build 72 units with podium parking or a 2, 000 SF commercial building with drive-thru and 20 parking spaces open to the sky. In Pad 2 build 80 units with podium parking or a 2, 000 SF commercial building with drive-thru and 30 parking spaces open to the sky.

Basic Details
Land
For Sale
25478899
$5,925,000
1.09 Acre
Active Under Contract
Features
$0
Address Map
CA
Los Angeles
Northridge
91324
Reseda
8350
Boulevard
W119° 27' 51.3''
N34° 13' 22.2''
Reseda Blvd. north of Roscoe Blvd. and south of Parthenia St. Near Dignity Health Northridge Hospital.
NR - Northridge
(Q)C2-1VL Tier 3
Additional Information
$0
$0
$0
$0
$0
510x90
2025-01-09
Broker/Agent Information
Keller Williams Beverly Hills
Dario Svidler
Listing Information
CLW-C101197
CLW-X74054
Active Under Contract
2025-08-20T03:42:10Z
CRMLS
: Standard
2025-04-28T00:00:00Z
Agent info
Ray Millman
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