Description
Property will be sold with month-to-month tenant in place. Tenant has been living at the property for over 20 years and pays $2,100 per month. Property needs remodeling and is being sold for land value and redevelopment. Currently a 1,112sf SFR sitting on a massive 20,791sf lot in the heart of Reseda. Zoned LARA, the new investor can tear down the existing structure and develop this 1/2 acre lot into an incredible home with a tennis court and pool, as demonstrated by the neighboring properties and numerous luxury Single Family estates on similar sized lots. The current structure, a 2 bed, 1 bath single family home was built in 1953. The ADU Ordinance will allow a Single Family Residence + detached ADU + attached junior ADU. Property may qualify under the new SB9 zoning law. Conveniently located close to The Warner Center, Northridge and Sherman Oaks, Reseda is a short drive to many of the valley's shopping and employment centers. NOTE: The adjacent property at 18937-18957 Saticoy may be purchased together or separately. 18937-18957 Saticoy consists of 8 units + 83,447 SF lot and is asking $4,175,000.
-
2BEDS
-
0.48ACRES
-
1BATHS
-
01/2 BATHS
-
1,112SQFT
-
$764$/SQFT
School Ratings & Info
Description
Property will be sold with month-to-month tenant in place. Tenant has been living at the property for over 20 years and pays $2,100 per month. Property needs remodeling and is being sold for land value and redevelopment. Currently a 1,112sf SFR sitting on a massive 20,791sf lot in the heart of Reseda. Zoned LARA, the new investor can tear down the existing structure and develop this 1/2 acre lot into an incredible home with a tennis court and pool, as demonstrated by the neighboring properties and numerous luxury Single Family estates on similar sized lots. The current structure, a 2 bed, 1 bath single family home was built in 1953. The ADU Ordinance will allow a Single Family Residence + detached ADU + attached junior ADU. Property may qualify under the new SB9 zoning law. Conveniently located close to The Warner Center, Northridge and Sherman Oaks, Reseda is a short drive to many of the valley's shopping and employment centers. NOTE: The adjacent property at 18937-18957 Saticoy may be purchased together or separately. 18937-18957 Saticoy consists of 8 units + 83,447 SF lot and is asking $4,175,000.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T20:42:55.77. 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.