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8745 Parthenia Pl - Develop Up to 55 Units in North Hills 0.3 Acres of Commercial Land Offered at $4,500,000 in North Hills, CA 91343
EXECUTIVE SUMMARY
Development Opportunity – 8745 Parthenia St., North Hills, CA
55-Unit Multifamily Project | Delivered RTI | Includes 6 Low-Income Units
This shovel-ready project is being delivered with a fully approved Ready-to-Issue (RTI) permit, allowing immediate construction without delays.
Highlights:
55 total units, including 6 affordable low-income apartments
All plans, entitlements, and approvals are complete and included
RTI status saves months of permitting time and significant soft costs
Strong rental demand in a high-growth San Fernando Valley location
Tier 3 TOC incentives with parking and open space reductions approved
Centrally located near major transit lines, schools, retail, and dining.
Contact:
Global Premier Properties, Inc.
DRE #02122929
Phone: (818) 518-4007
Email: hajooo@yahoo.com
55-Unit Multifamily Project | Delivered RTI | Includes 6 Low-Income Units
This shovel-ready project is being delivered with a fully approved Ready-to-Issue (RTI) permit, allowing immediate construction without delays.
Highlights:
55 total units, including 6 affordable low-income apartments
All plans, entitlements, and approvals are complete and included
RTI status saves months of permitting time and significant soft costs
Strong rental demand in a high-growth San Fernando Valley location
Tier 3 TOC incentives with parking and open space reductions approved
Centrally located near major transit lines, schools, retail, and dining.
Contact:
Global Premier Properties, Inc.
DRE #02122929
Phone: (818) 518-4007
Email: hajooo@yahoo.com
PROPERTY FACTS
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Conditions | Total Lot Size | 0.30 AC | |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | LAC2 - Commerical | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.30 AC |
| No. Stories | 1 |
| Zoning | LAC2 - Commerical |
1 LOT AVAILABLE
Lot
| Price | $4,500,000 | Lot Size | 0.30 AC |
| Price Per AC | $14,931,464.58 |
| Price | $4,500,000 |
| Price Per AC | $14,931,464.58 |
| Lot Size | 0.30 AC |
8745 Parthenia Place offers a central location near key amenities. Close to a Metro station for easy commuting, near bustling shopping centers like Panorama Mall, and surrounded by parks, schools, and diverse dining options.
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 2654-012-024 | Improvements Assessment | $886,108 |
| Land Assessment | $1,077,126 | Total Assessment | $1,963,234 |
PROPERTY TAXES
Parcel Number
2654-012-024
Land Assessment
$1,077,126
Improvements Assessment
$886,108
Total Assessment
$1,963,234
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8745 Parthenia Pl - Develop Up to 55 Units in North Hills
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