16326 Nordhoff St
North Hills, CA 91343
North Hills Redevelopment Site · Land For Sale
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0.63 AC
Investment Highlights
- Rare Street to Street Development Opportunity in Heart of the San Fernando Valley
- Immediate Development Potential | Delivered Vacant at COE
- Central San Fernando Valley Location | 0.8 Miles from I-405 Freeway | 0.5 Miles from James Monroe High School | 2.2 Miles from CSUN
- Access via Nordhoff Street, and Sunburst Street at the Alley of Gothic Avenue
- SB9 Development | Proposed Lot Split: Four Detached Single-Family Homes on Two Parcels | 3:1 FAR
- Excellent Dense Infill Demographics | 701,897 Population in a 5-Mile Radius | $93,150 Average Household Income in a 5-Mile Radius
Property Facts
Description
Marcus & Millichap is pleased to present 16324-16326 Nordhoff St in North Hills, a rare development opportunity situated between Nordhoff St and Sunburst St in the heart of the San Fernando Valley. The offering consists of an approximate 0.63-acre A2-1 zoned parcel, currently improved with a single-family home and equine enclosure. The property will be delivered vacant at the close of escrow with no tenants that need to be relocated or affordable units that need to be replaced. Senate Bill 9 (SB9) allows a developer to subdivide the parcel into two separate lots and develop two detached residential dwellings units on each. The site can be accessed via Nordhoff St, Sunburst St and the Alley of Gothic Ave allowing a developer a full range of creativity when positioning the development. Please contact broker for additional details about zone change and 5-lot subdivision.
Property Taxes
| Parcel Number | 2688-003-002 | Improvements Assessment | $153,274 |
| Land Assessment | $260,263 | Total Assessment | $413,537 |
Property Taxes
