11144 Lorne St
Sun Valley, CA 91352
Lorne Townhome Project · Land For Sale · 0.60 AC

Exceptional development opportunity in the highly desirable Sun Valley submarket of Los Angeles. This offering includes a rare multi-parcel assemblage located at 11144 Lorne St., 11146–11148 Lorne St., and 8032 N Fair Ave, presenting investors and developers with the opportunity to deliver a thoughtfully designed 17-unit townhome-style multifamily project totaling approximately 26,740 square feet. Plans are currently in process with RTI anticipated in approximately 6–9 months for a well-balanced unit mix consisting of 13 four-bedroom units, two three-bedroom units, one two-bedroom unit, and one one-bedroom unit. Each residence is designed with attached garages and supported by 33 private on-site parking spaces, offering a highly marketable configuration tailored to meet strong rental demand for larger-format housing in the San Fernando Valley. The proposed development includes the demolition of three existing residential structures (currently tenant-occupied, allowing for interim income during the entitlement process) and a zone change from R1-1 to RD1.5-1, consistent with the site’s Low to Medium Density Residential General Plan Land Use designation. The property is further positioned within multiple planning overlays, including a Transit Protection Area (TPA), Environmental Justice Improvement Area, Los Angeles State Enterprise Zone, and Clean Up Green designation, enhancing long-term redevelopment potential. Strategically located just minutes from Interstate 5 and Interstate 170, the site offers seamless connectivity to major employment hubs throughout the region and is in close proximity to Hollywood Burbank Airport, Downtown Los Angeles, and numerous media and production studios. Future residents will also benefit from walkable access to neighborhood amenities and the planned 46-acre Rory M. Shaw Wetlands Park, which is expected to significantly enhance community value, livability, and environmental sustainability. Seller intends to complete a 1031 Exchange; Buyer cooperation is requested at no cost. Contact Listing Agent for approved plans and additional development details.