15226 Parthenia Street, San Fernando Valley, CA 91343
Local realty services provided by:ERA North Orange County Real Estate
15226 Parthenia Street,Los Angeles, CA 91343
$2,700,000
- 0.42 Acres
- Lots / Land
- Active
Listed by: megan husri, david weinberger
Office: keller williams studio city818-432-1500
MLS#:26896681
Source:CRMLS
Price summary
- Price:$2,700,000
About this home
DEVELOPMENT OPPORTUNITY! 15226 Parthenia Street is a compelling affordable housing development opportunity in the heart of North Hills. This 18,339 SF lot presents a rare opportunity to develop a 100% affordable housing project within one of the Valley's most active and established affordable housing neighborhoods.Located within a mile of a Major Transit Stop and utilizing Citywide Housing Incentive Programs, this site has no maximum density and is otherwise only limited by FAR and Height. Based on these parameters, the site may accommodate approximately 100 residential units, subject to design efficiency and required development standards.The Property offers convenient access to Interstate 405, State Route 118, and major transportation corridors, including Sepulveda Boulevard and Nordhoff Street. The site also benefits from proximity to North Hills Community Park, public transportation, neighborhood retail, schools, healthcare facilities, and major employment centers throughout the San Fernando Valley and greater Los Angeles region.Pricing for this opportunity offers developers an attractive basis well below prevailing market land values for affordable housing projects. Affordable housing developers commonly pay between $50,000 and $100,000 per buildable unit for land, while 15226 Parthenia St is being offered at approximately $27,000 per potential unit. (Buyer to verify)...
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Home facts
- Listing ID #:26896681
- Added:1 day(s) ago
- Updated:August 29, 2026 at 10:31 AM
Structure and exterior
- Lot area:0.42 Acres
- Lot Features:Rectangular Lot
Finances and disclosures
- Price:$2,700,000
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