19632 Leadwell St
Reseda, CA 91335
Land For Sale · 0.48 AC

Partners CRE is proud to exclusively present for sale a rare vacant corner lot on a residential street near the intersection of Sherman Way and Corbin Ave. in Reseda. Measuring 20,715 SF, this lot is zoned RA-1. The property sits on the Southwest corner of Leadwell St. & Bothwell Rd. The adjacent property is currently zoned [Q]RD1.5 and the City is about half-way through working on an update to the Community Plan. The vacant lot, with the current zoning, can qualify for redevelopment under SB 9, which allows for the building of 2 units per lot, and the option to split the lot into two, allowing for the permitting of 4 units without much delay. The South Valley Area Planning Commission (which this lot falls within) is working on the Reseda - West Van Nuys Community Plan update. This Plan update will potentially help a Developer take better advantage of this vacant lot to achieve a greater density. The lot is a short 5 minute drive to Pierce College and an around an 8 minute drive to the Westfield Topanga Shopping Center and The Village at Westfield Topanga. This area in the West San Fernando Valley is going through a lot of positive changes with a tremendous amount of development that will only improve the local area for future residents. Average income in a one mile radius of this location hovers around $90k, which provides a great pool of people for future tenants. No RSO, No Ellis and no relocation of tenants makes this lot attractive for a developer.