7111-7135 Lindley AveLos Angeles, CA 91335

Property Details for 7111-7135 Lindley Ave

Property size (Sq ft)

65,000 SF

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.2001

Longitude

-118.527

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