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Previous 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.
Updated 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.
