8745 Parthenia Pl
North Hills, CA 91343
HUGE PRICE REDUCTION - Development · Office Property For Sale

The current improvement on the site is a 4,411 square foot, single-story office building originally constructed in 1956. The current zoning of C2-1 will potentially allow for the development of multifamily residential construction. According to the city of Los Angeles' zoning density, C2 is considered the same as R4 for residential uses. On a by-right basis, this would allow for a maximum of 33 units without the inclusion of a possible density bonus of up to 35% in additional density. Owner has paid the initiation fee for the density bonus which should allow for 45 units to be built. THE PARTHENIA PLACE DEVELOPMENT is located in the heart of the San Fernando Valley near the major intersection of Sepulveda Boulevard and Parthenia Street in North Hills. The property is adjacent to other retail shops and the immediate area consists of single and multifamily residential, plus other retail servicing the area. There is a McDonalds and 99 Cents Only Store at intersection of Sepulveda and Parthenia nearby. CLOSE PROXIMITY TO SCHOOLS - Our Lady of Peace Catholic School is nearby and teaches grades Kinder Garten through 8th grade. Langdon Avenue Elementary is within walking distance of the property and teaches grades K through 5. The current enrollment is over 580 students. The Rosa Parks Learning Center is also within walking distance teaching grades K through 5. This school has an enrollment of over 750 students.