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9441-9459 Sepulveda Blvd, North Hls - SWC Sepulveda Blvd & Plummer St. 1.28 Acres of Industrial Land in North Hills, CA 91343
Investment Highlights
- Housing Element Site designation supports affordable housing development
- Signalized corner location at Sepulveda Boulevard and Plummer Street
- Located near transit, employment centers, and neighborhood retail amenities
- Eligible for TOC, State Density Bonus Law, and LA CHIP/AHIP incentives
- Approximately 1.28-acre urban infill development opportunity
- Surrounded by multiple completed affordable housing developments
Executive Summary
Valley. The site benefits from a dense infill location with access to major employment centers, public transit, neighborhood-serving retail, and a large renter population that
continues to drive demand for affordable housing. As a designated Housing Element Site eligible for TOC, State Density Bonus Law, and LA CHIP/AHIP incentives, the
property offers a clear path to increased density, additional height, and reduced parking requirements.
The surrounding area has emerged as a proven affordable housing corridor, highlighted by the recent completion of Mission Gateway, a 356-unit income-restricted community
on Sepulveda Boulevard, as well as nearby affordable housing developments including New Directions Sepulveda I & II, Plummer Village, Rayen Apartments, and Woodland
Terrace. Together, these projects have added hundreds of affordable housing units within approximately one mile of the site, validating the location's suitability for affordable
housing and demonstrating continued public and private investment in addressing the region's housing shortage.
Property Facts
1 Lot Available
Lot
| Lot Size | 1.28 AC |
| Lot Size | 1.28 AC |
±1.28-acre Housing Element Site at the corner of Sepulveda Blvd. and Plummer St. Eligible for TOC, State Density Bonus Law, and LA CHIP/AHIP incentives, offering a compelling affordable housing development opportunity in North Hills.
Description
The property consists of three parcels totaling approximately 55,748 square feet located at the intersection of Sepulveda Boulevard and Plummer Street in North Hills, California. The site includes RA-1 and C2-zoned parcels, is designated as a Housing Element Site, and is identified as eligible for affordable housing development programs including TOC, State Density Bonus Law, and LA CHIP/AHIP. The property is located within one-half mile of a major transit stop and within a very low vehicle travel area according to information provided in the development analysis.
Property Taxes
| Parcel Numbers | Improvements Assessment | $612,929 | |
| Land Assessment | $2,696,937 | Total Assessment | $3,309,866 |
Property Taxes
