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8745 Parthenia Pl - Develop Up to 55 Units in North Hills - RTI 0.3 Acres of Residential Land Offered at $5,395,611 CAD in North Hills, CA 91343
Investment Highlights
- Entitled multifamily development opportunity in North Hills.
- Positioned within an established residential neighborhood.
- Convenient access to major San Fernando Valley corridors.
- Located across from North Hills Community Park.
- Commercial zoning supports redevelopment potential.
Executive Summary
Major Price Reduction – Now $3,900,000! Seller is highly motivated and open to creative deal structures. Qualified developers are invited to discuss joint venture opportunities, equity partnerships, or other development arrangements. If you have the expertise and are looking for a development partner, the seller is willing to explore mutually beneficial options. Contact the listing agent to discuss.
Property Facts
| Price | $5,395,611 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | LAC2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses | ||
| Price | $5,395,611 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.30 AC |
| No. Stories | 1 |
| Zoning | LAC2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses |
1 Lot Available
Lot
| Price | $5,395,611 CAD | Lot Size | 0.30 AC |
| Price Per AC | $17,866,261.16 CAD |
| Price | $5,395,611 CAD |
| Price Per AC | $17,866,261.16 CAD |
| Lot Size | 0.30 AC |
Description
The property consists of approximately 0.30 acres at 8745 Parthenia Pl in North Hills, California. Marketing materials identify the site as commercial land with multifamily development potential and zoning reported as LAC2/C2. The property is located across from North Hills Community Park and is surrounded by residential and commercial uses within the San Fernando Valley.
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2654-012-024 | Improvements Assessment | $1,254,037 CAD |
| Land Assessment | $1,524,369 CAD | Total Assessment | $2,778,406 CAD |
Property Taxes
Parcel Number
2654-012-024
Land Assessment
$1,524,369 CAD
Improvements Assessment
$1,254,037 CAD
Total Assessment
$2,778,406 CAD
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8745 Parthenia Pl - Develop Up to 55 Units in North Hills - RTI
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