7800 Jordan Avenue
16,000 SF Lot for SB1123 Small-Lot Subdivision | Up to 10 Lots | Attractive Land Basis at $68.75/SF
Marketing description
The Boyett Team at CBRE is pleased to present a 16,000 SF development opportunity for sale. The subject property is located in a strong Warner Center adjacent location, north of Saticoy Street and west of Owensmouth Avenue.
Zoned RS-1, this property is eligible for small-lot subdivision under SB 1123, also known as the "Starter Home Revitalization Act" (Buyer to verify). Under this program a developer would be allowed to subdivide the 100' x 160' (16,000 SF) rectangular parcel into up to ten (10) smaller fee-simple parcels for the purpose of building attached or detached single-family on each with an option to add ADUs. A developer would benefit from the low-cost construction profile that typically sells at a higher price per foot than any other asset type. The property will be delivered vacant with no history of past leases.
Situated in a strong Warner Center adjacent location, this offering presents a rare opportunity for any developer to capitalize on an expedited ministerial approval process to build fee-simple single-family product at an attractive land basis.
Investment highlights
- Strong Warner Center Adjacent Location
- 100' x 160' Level Rectangular Parcel Zoned RS-1
- Rare Development Configuration Offering Exceptional Design Efficiency & Minimal Wasted Land
- Eligible Under SB 1123 for Up to Ten (10) Fee-Simple Small-Lot Starter Homes (Buyer to Verify) with ADUs on Each
- Property will be Delivered Vacant with No History of Leases
- Low-Cost Construction Profile that Typically Trades for a High Price Per Foot
- Attractive Land Basis at $68.75/SF, or $110,000 Per Potential Fee-Simple Unit
- Exceptional Frontage for Efficient Small-Lot Subdivision
- Located Just a Few Blocks North of Massive Redevelopment in & around Topanga Village
- Dominant Access to Commercial Corridors on Topanga Canyon Blvd, Owensmouth Ave, & Saticoy St
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