8350 Reseda Blvd Northridge, CA 91324

This vacant lot, situated in the Northridge neighborhood of the San Fernando Valley, measures over an acre at 47,404 square feet. It features 510 feet of frontage and a depth of 90 to 95 feet. The property is located near Cal State Northridge (CSUN), the Northridge Fashion Center, Costco, parks, and well-rated schools. The (Q)C2-1VL TOC Tier 3 Zoning should allow for drive-through restaurants or retail. The property has a Tier 1 SAFMR designation. It is located just over a mile to the Metrolink Northridge Station, connecting to Burbank Airport, Union Station and the coming East San Fernando Valley Light Rail Transit Project. LA's yet to be implemented Citywide Housing Incentive Program (CHIP) will benefit this property's TOC Tier 3 designation, aligning Local and State density bonuses and simplifying the Mixed-Income Incentive Program (MIIP) and the Affordable Housing Incentive Program (AHIP). Possible concepts for development of the land include splitting the land into two pads straddling an existing easement, where one can mix and match retail or multi-residential. In Pad 1 build 72 units with podium parking or a 2,000 SF commercial building with drive-thru and 20 parking spaces open to the sky. In Pad 2 build 80 units with podium parking or a 2,000 SF commercial building with drive-thru and 30 parking spaces open to the sky. The property is suitable for an ED1 or Mixed-Use Project.