12215 San Fernando Road, San Fernando Valley, CA 91342
Local realty services provided by:ERA Donahoe Realty
12215 San Fernando Road,Los Angeles, CA 91342
$2,900,000
- 16 Beds
- 9 Baths
- 4,549 sq. ft.
- Multi-family
- Active
Listed by: robert leveen
Office: robert leveen213-995-6684
MLS#:26860729
Source:CRMLS
Price summary
- Price:$2,900,000
- Price per sq. ft.:$637.5
About this home
12215 San Fernando Road in Sylmar, CA. The property, originally constructed in 1937, is comprised of nine units with a mix of two x one bedroom/one bath, and seven x two bedroom/one bath apartments, situated on a 0.91 acre (39,537 SF) parcel. In 2018, the property was renovated and two new units were added. There is an on-site leased laundry room, and each unit has wall a/c units. Currently, some of the excess land is used for truck parking generating $500 per month in revenue; and the additional space on the excess can be rented should the opportunity arise. Currently, the property is generating almost $15,000 per month in income.The parcel is zoned LA C2-2D. City of Los Angeles Transit Oriented Communities qualifies the parcel as TOC Tier 4 due to its proximity to the Sylmar/San Fernando Metrolink Train Station. Tier 4 qualifies for an 80% bonus in unit density based on the underlying zoning. This is in exchange for setting aside a certain amount of low-income units. By right one could develop 86 units. With TOC Tier 4, one could develop 155 units. Please refer to the above link for specifics. Additionally, the city has implemented a local incentive program detailed in the City of Los Angeles Density Bonus Program which complements the TOC program and the Citywide Housing Incentive Program Ordinance or CHIP. Further, the site qualifies for Executive Directive 1 (ED 1) which expedites the processing of shelters and 100% affordable housing projects in the city of Los Angeles. The offering is a rare opportunity for an investor/developer to acquire a sizable developable parcel in a sub-market in critical need of new housing, and is also eligible for expedited entitlement processing....
Contact an agent
Home facts
- Year built:1937
- Listing ID #:26860729
- Added:3 day(s) ago
- Updated:July 20, 2026 at 10:58 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:9
- Living area:4,549 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1937
- Building area:4,549 sq. ft.
- Lot area:0.91 Acres
- Levels:1 Story
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$637.5
Parking
- Total parking spaces:16
- Parking description:Uncovered
New listings near 12215 San Fernando Road
- Coming Soon
$1,100,000Coming Soon2 beds 2 baths6951 Chisholm, Van Nuys, CA 91406
MLS# OC26157565Listed by: DOUGLAS ELLIMAN OF CALIFORNIA - New
$539,000Active4 beds 2 baths1,223 sq. ft.5700 Etiwanda Avenue #288, Tarzana, CA 91356
MLS# SR26157599Listed by: CRESTICO REALTY - New
$2,950,000Active5 beds 4 baths4,537 sq. ft.5128 Avenida Hacienda, Tarzana, CA 91356
MLS# AR26157557Listed by: CA FLAT FEE LISTINGS, INC - Coming Soon
$1,399,999Coming Soon3 beds 2 baths8369 Vine Valley, Los Angeles, CA 91352
MLS# GD26156429Listed by: COLDWELL BANKER HALLMARK - Open Fri, 11am to 2pmNew
$875,000Active4 beds 2 baths1,782 sq. ft.9435 Haskell, North Hills, CA 91343
MLS# SR26156509Listed by: RODEO REALTY - New
$565,000Active2 beds 2 baths1,290 sq. ft.6800 Corbin Avenue #106, Reseda, CA 91335
MLS# CV26157399Listed by: JAMIL ALAM, BROKER - New
$975,000Active3 beds 2 baths1,404 sq. ft.7875 Bellaire Ave, North Hollywood, CA 91605
MLS# SR26157319Listed by: PINNACLE ESTATE PROPERTIES - New
$534,900Active1 beds 2 baths1,172 sq. ft.9425 N. Sepulveda Blvd. #6, North Hills, CA 91343
MLS# SR26157221Listed by: WILLIAMS HOMES INC. - New
$534,900Active1 beds 2 baths1,172 sq. ft.9425 N. Sepulveda Blvd. #6, North Hills, CA 91343
MLS# SR26157221Listed by: WILLIAMS HOMES INC. - Coming Soon
$799,000Coming Soon2 beds 3 baths11518 Ghiberti, Porter Ranch, CA 91326
MLS# SR26157364Listed by: COLDWELL BANKER QUALITY PROPERTIES