7111-7135 Lindley Ave Los Angeles, CA 91335

This exceptional 65,000 square foot commercial land parcel, located at 7111-7135 Lindley Ave in Reseda, California, presents a unique investment opportunity. Priced at $8,500,000 ($130.77 per square foot), this property boasts two existing three-story buildings. Currently zoned C2-1 and P-1, a zoning change is anticipated within months, opening up diverse development possibilities. The permitted zoning allows for a wide range of uses, including multi-family residential, storage facilities, or mixed-use projects. Prospective buyers are encouraged to verify permitted uses with the Los Angeles Department of Building and Safety (LADBS). The seller has initiated the entitlement process for a senior living development, targeting approximately 150 units and incorporating communal spaces such as a cafeteria. A financing option is available, with the seller potentially carrying a portion of the financing for up to two years at a 6.0% interest rate, requiring a $1,000,000 upfront payment. This financing structure is negotiable. This property is ideal for developers seeking a prime location with significant potential for high-density development. Please note that joint venture deals are not being considered. The property is located in Los Angeles County, CA, zip code 91335.