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14061 Terra Bella St 1.53 Acres of Commercial Land Offered at $4,799,900 CAD in Pacoima, CA 91331
INVESTMENT HIGHLIGHTS
- Hard corner signalized intersection of Terra Bella Street and Canterbury Ave
- San Fernando Valley land opportunity with existing single-family home and commercial church/school building
- Close proximity to 5 Freeway, 170 Freeway, and 405 Freeway providing excellent regional accessibility to West Los Angeles and Downtown Los Angeles
- Located in the City of Los Angeles, neighborhood of Arleta
- Excellent market rate or affordable apartment development site
- San Fernando Valley is rapidly growing and densifying with townhome and apartment developments to provide alternatives to expensive housing
EXECUTIVE SUMMARY
-Located in the City of Los Angeles, neighborhood of Arleta
- San Fernando Valley land opportunity with existing single-family home and commercial church/school building
-Excellent market rate or affordable apartment development site
-Close proximity to 5 Freeway, 170 Freeway, and 405 Freeway providing excellent regional accessibility to West Los Angeles and Downtown Los Angeles
-San Fernando Valley is rapidly growing and densifying with townhome and apartment developments to provide alternatives to expensive housing in the core part of Los Angeles
PROPERTY FACTS
| Price | $4,799,900 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.53 AC |
| Property Type | Land | ||
| Zoning | A2-1 | ||
| Price | $4,799,900 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.53 AC |
| Zoning | A2-1 |
1 LOT AVAILABLE
Lot
| Price | $4,799,900 CAD | Lot Size | 1.53 AC |
| Price Per AC | $3,136,662.66 CAD |
| Price | $4,799,900 CAD |
| Price Per AC | $3,136,662.66 CAD |
| Lot Size | 1.53 AC |
DESCRIPTION
The subject property is a prime infill development opportunity located at the signalized hard-corner intersection of Terra Bella Street and Canterbury Avenue in the Arleta neighborhood of the City of Los Angeles. Situated within the rapidly evolving San Fernando Valley submarket, the site benefits from strong demographic growth and increasing residential density. The property is improved with an existing single-family residence and a commercial church/school building, offering flexibility for repositioning or redevelopment. The site is well suited for either market-rate or affordable multifamily development, aligning with ongoing demand for housing alternatives to higher-priced core Los Angeles markets. The location provides exceptional regional accessibility, with immediate proximity to the 5, 170, and 405 Freeways, allowing efficient connectivity to Downtown Los Angeles, West Los Angeles, and surrounding employment centers. The continued transformation of the San Fernando Valley into a higher-density residential corridor further enhances the long-term investment appeal of the property.
PROPERTY TAXES
| Parcel Number | 2644-012-031 | Improvements Assessment | $1,061,189 CAD |
| Land Assessment | $2,122,386 CAD | Total Assessment | $3,183,575 CAD |
PROPERTY TAXES
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14061 Terra Bella St
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