CLOSED ESCROW

LAND/MULTIFAMILY

15566 RAYEN STREET

NORTH HILLS, CA 91343

PRICE

PRICE/SF

CAP RATE

$1,000,000

$300.49

4.69%

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THE ASSET

The Hirth Group is proud to present a unique opportunity to entitle, and potentially develop, a 23 to 32-unit multifamily project with approximately 68 linear feet of frontage on Rayen Street in the North Hills region of the San Fernando Valley.

 

The site consists of one parcel totaling approximately 19,550 square feet, or .44881 acres.  It is projected that a multi-family project of approximately 23 units by-right, or up to 32 units could be developed should an investor decide to exercise the 35 percent density bonus.  The site's projected density is based on the standards per the City of Los Angeles R3 zoning and in accordance with the Medium Residential General Plan Land Use Designation. Buyer to verify.

 

The subject property is conveniently and discreetly located adjacent to the 405 San Diego Freeway and witihin minutes of Interstate 5 and the 118 and 101 Freeways.  In addition, this property is in close proximity to shopping, entertainment, employment, and the thriving California State University Northridge (CSUN).   

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010