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7800 Jordan Ave 0.37 Acres of Residential Land Offered at $1,100,000 in Canoga Park, CA 91304
Investment Highlights
- Strong Warner Center Adjacent Location
- Rare Development Configuration Offering Exceptional Design Efficiency & Minimal Wasted Land
- Property will be Delivered Vacant with No History of Leases
- 100’ x 160’ Level Rectangular Parcel Zoned RS-1
- Eligible Under SB 1123 for Up to Ten (10) Fee-Simple Small-Lot Starter Homes (Buyer to Verify) with ADUs on Each
- Attractive Land Basis at $68.75/SF, or $110,000 Per Potential Fee-Simple Unit
Executive Summary
The Boyett Team at CBRE is pleased to present a 16,000 SF development opportunity for sale. The subject property is located in a strong Warner Center adjacent location, north of Saticoy Street and west of Owensmouth Avenue.
Zoned RS-1, this property is eligible for small-lot subdivision under SB 1123, also known as the “Starter Home Revitalization Act” (Buyer to verify). Under this program a developer would be allowed to subdivide the 100’ x 160’ (16,000 SF) rectangular parcel into up to ten (10) smaller fee-simple parcels for the purpose of building attached or detached single-family on each with an option to add ADUs. A developer would benefit from the low-cost construction profile that typically sells at a higher price per foot than any other asset type. The property will be delivered vacant with no history of past leases.
Situated in a strong Warner Center adjacent location, this offering presents a rare opportunity for any developer to capitalize on an expedited ministerial approval process to build fee-simple single-family product at an attractive land basis.
Zoned RS-1, this property is eligible for small-lot subdivision under SB 1123, also known as the “Starter Home Revitalization Act” (Buyer to verify). Under this program a developer would be allowed to subdivide the 100’ x 160’ (16,000 SF) rectangular parcel into up to ten (10) smaller fee-simple parcels for the purpose of building attached or detached single-family on each with an option to add ADUs. A developer would benefit from the low-cost construction profile that typically sells at a higher price per foot than any other asset type. The property will be delivered vacant with no history of past leases.
Situated in a strong Warner Center adjacent location, this offering presents a rare opportunity for any developer to capitalize on an expedited ministerial approval process to build fee-simple single-family product at an attractive land basis.
Property Facts
| Price | $1,100,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 0.37 AC |
| Property Type | Land | ||
| Zoning | RS-1 - Restricted Density Multiple Dwelling | ||
| Price | $1,100,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.37 AC |
| Zoning | RS-1 - Restricted Density Multiple Dwelling |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 0.37 AC |
| Price Per AC | $2,994,753.74 |
| Price | $1,100,000 |
| Price Per AC | $2,994,753.74 |
| Lot Size | 0.37 AC |
100' x 160' Rectangular Single-Family Single Lot, Eligible for SB 1123 (Buyer to Verify)
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2110-012-026 | Improvements Assessment | $17,369 |
| Land Assessment | $29,877 | Total Assessment | $47,246 |
Property Taxes
Parcel Number
2110-012-026
Land Assessment
$29,877
Improvements Assessment
$17,369
Total Assessment
$47,246
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