REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Saro Dilanchian, DRE #01314546 • Latitude Real Estate & Invest
$ 4,490,000
Est. payment | /mo
1.5 Acres Lot
$ 4,490,000
Est. payment | /mo
1.5 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26228923
Lot Size 1.501 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
**RARE 1.5-ACRE DEVELOPMENT OPPORTUNITY - THREE CONTIGUOUS LOTS, THREE EXISTING SINGLE-FAMILY HOMES, ENDLESS POSSIBILITIES!** An exceptionally rare offering in the heart of the San Fernando Valley, featuring approximately 65,380 square feet of combined land across three separate parcels at 18218, 18210, and 18204 Strathern Street. Each parcel features its own existing single-family residence, all individually rented on a month-to-month basis, providing an opportunity for rental income while exploring future development possibilities. All three homes and their existing tenancies are included in the sale. This unique assemblage presents an exceptional opportunity for developers, builders, and investors to capitalize on a substantial landholding with multiple potential development strategies. Explore the possibilities of a multifamily residential community of approximately 20-30 units, a planned subdivision of approximately 10 homes, or retaining the three existing residences while exploring the addition of up to four ADUs per parcel, potentially creating 15 residences across the property. The expansive combined land area offers the opportunity to envision an entirely new residential community in an established San Fernando Valley neighborhood. Whether pursuing a larger residential
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LZ
Exterior
Utilities Available Electricity - On Site
View None
Building
Water District - Public
Others
Tax ID 2102014005
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "