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$2,600,000
25478485 MLS
We are excited to offer a premier opportunity to acquire a Ready-to-Issue (RTI), 91-unit, fully Affordable Housing Development, set on a spacious 16,010 SF lot in the highly sought-after and rapidly evolving Reseda neighborhood. This prime site is perfectly situated for accessibility, just moments away from key local destinations like the Van Nuys Airport and Warner Center, providing seamless access to transportation, shopping, and major employment centers. Designed for both efficiency and cost-effectiveness, this 4-story, stacked on-grade development features a thoughtfully planned unit mix, including 23 studios, 62 one-bedroom units, and 6 two-bedroom units, offering approximately 42,011 SF of buildable space. Set in a primarily residential area, the site offers excellent street parking availability, as well as a walkable environment with essential services and public transit just a short stroll away. The project benefits from eligibility for participation in the HCD Schedule VI moderate-income and TCAC Schedule IX low-income programs, both of which are standard for 100% affordable housing developments in Los Angeles. With the potential to attract Section 8 voucher tenants, rental income could increase by as much as 20% per unit, providing significant financial upside. A standout feature of this development is its zero parking requirement, resulting in substantial cost savings and a streamlined, transit-friendly design. With a Walk Score of 88, the neighborhood is rated as "Very Walkable," making it a perfect location for residents who prioritize ease of access to transit and daily amenities. This is an exceptional opportunity for investors looking to capitalize on one of Los Angeles' most promising affordable housing projects.

6834 Baird Avenue, Reseda

Listing courtesy of Listing Agent: Jordan Petito (jordan@petitocre.com) from Listing Office: Keller Williams Beverly Hills.
$1,600,000
SR24061977 MLS
Perfect Owner/User Commercial Property in Prime Location. Welcome to 18515 Sherman Way, Reseda - an exceptional opportunity awaits in this versatile commercial property ideally situated on a bustling Main Street with abundant foot traffic. 4710 Sqft of usable space could be used for retail, Doctor or Dentist office. Market or Restaurant use. Key Features: -Prime Location: Positioned on Sherman Way, one of Reseda's prominent thoroughfares, ensuring maximum visibility and exposure for your business. : This property offers versatility with its two distinct sections, allowing for diverse usage options to suit your business needs. -Convenient Street-Level Access: With street-level access, your business is easily accessible to passersby, enhancing convenience for customers. -Parking: Benefit from dedicated parking space in the rear of the property, providing ease and convenience for both customers and employees. Don't miss out on this incredible opportunity to own a commercial property in a high-traffic location. This property offers the perfect canvas to bring your vision to life. Contact us today to schedule a viewing and secure your place in Reseda's thriving business landscape!

18515 Sherman Way, Reseda

Listing courtesy of Listing Agent: Bridgette Harabedian (Bridgette4re@yahoo.com) from Listing Office: Re-Search Concept.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.