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Investment Highlights

  • Prime Sunland Location!
  • Development Opportunity!
  • Close to 210 and 5 freeways!

Executive Summary

Prime Sunland Development Opportunity! Opportunity for a Developer to build a community of at least 17 Luxury Single Family Homes. A zone change could allow up to 33 lots. Chance to increase density with a zoning variance to Condos/Townhomes. New build (less than 5 years) SFR comps sell north of $600/ft. Property is surrounded by Million dollar homes. Convenient access to 210 and 5 freeways. Close to Restaurants, 7-11, Ralphs, Starbucks, McDonald’s, and Sunhill Shopping Center. Please text/call Justin Chu (626)321-3211 for more info. Development Proforma attached in OM.

Property Facts

Price $3,649,835 CAD
Sale Type Investment or Owner User
Sale Condition 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Apartment Units
Total Lot Size 13.50 AC
Zoning RE40, Los Angeles - RE40 - 40,000 SF Lots which will allow 17 by right. Possibility for a zone change to AR to allow up to 33 lots.

1 Lot Available

Lot

Price $3,649,835 CAD
Price Per AC $270,358.18 CAD
Lot Size 13.50 AC

Prime Sunland Development Opportunity! Opportunity for a Developer to build a community of at least 17 Luxury Single Family Homes. A zone change could allow up to 33 lots.

Description

Prime Sunland Development Opportunity! Opportunity for a Developer to build a community of at least 17 Luxury Single Family Homes on 13.5 Acres. A zone change could allow up to 33 lots. Chance to increase density with a zoning variance to Condos/Townhomes. New build (less than 5 years) SFR comps sell north of $600/ft. Property is surrounded by Million dollar homes. Convenient access to 210 and 5 freeways. Close to Restaurants, 7-11, Ralphs, Starbucks, McDonald’s, and Sunhill Shopping Center. Please text/call Justin Chu (626)321-3211 for more info. Development Proforma attached in OM. Broker does not guarantee the accuracy of the information provided, including lot size, lot acreage, lot dimensions, square footage measurements and/or permissibility to build. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits, and/or with appropriate professionals (i.e. attorney, appraiser, architect, contractor, surveyor, etc.)

Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
2543-014-009
Land Assessment
$1,539,302 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,539,302 CAD
  • Listing ID: 35204255

  • Date on Market: 2025-03-20

  • Last Updated:

  • Address: 10131 Johanna Ave, Sunland, CA 91040

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