10425 Independence Avenue, Chatsworth, CA 91311

This 1.03-acre residential development opportunity is located in Chatsworth. The property will be delivered as a Ready-To-Issue (RTI) parcel with fully approved SB 9 plans, allowing construction to commence immediately. The approved development consists of two separate SB 9 lot splits, each improved with two single-family residences and two detached accessory dwelling units (ADUs), totaling eight homes. The front residences average 1,682 square feet and feature private garages, while the rear 1,195 square-foot ADUs are fully detached, creating a modern, low-density, build-to-rent residential configuration. The site spans approximately 44,954 square feet. The project is structured as two independent developments, offering enhanced flexibility for financing, phasing, or future disposition. All major utilities are already on site. The property is situated within a predominantly low-density residential pocket of Chatsworth, a West San Fernando Valley submarket characterized by larger lot sizes, strong household incomes, and limited new residential supply. Chatsworth offers convenient access to the 118 Freeway, major employment centers, and nearby retail, schools, and outdoor amenities. Demand remains strong for newly constructed, detached residences with private garages, positioning the project to capture renters seeking modern product in a stable, supply-constrained Valley location.