15566 Rayen Street
NORTH HILLS, CA 91343
PRICE PER BUILDABLE UNIT:
27 Market Rate Units and 4 Very Low Income Units
Sold At 96% of List Price
Rare Development Opportunity
One of the Last Undeveloped Properties in the Vicinity
Densely Populated Area
Close Proximity to (CSUN) Northridge and Mission Hills
High Barrier to Entry-Infill Location with Over 700,000 Residents in the Surrounding Area
Centrally Located with Ease of Access to the 405, 5, and 118 Freeways
The Hirth Group is proud to present a unique opportunity to build a 31-unit multifamily project (27 market rate and four very low income units over one level of parking) with 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 (0.45) acres. Architectural and Structural Plans are currently in plan check at the (LADBS).
The subject property is conveniently and discreetly located adjacent to the 405 San Diego Freeway and within minutes of Interstate 5, 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).