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12215 San Fernando Road

Los Angeles, CA 91342
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Bed 16

Bed

Bath 9

Bath

SqFt4,549

Sqft

SqFt39,550

Sqft(Lot)

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 F ernando 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 88327961

MLS Id : 26860729

Beds : 16

Lot Size : 39,550 Sqft

Living Area Size : 4,549

Year Built : 1937

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 16

    Bathroom Information

    Total Baths: 9
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1937
    Building Area Total: 4549
    Stories: 1
    Private Pool: No

  • Lot Information

    Lot Dimensions: 100x295 Main Square Feet: 39550 Lot Size Acres: 0.9079 Lot Size Square Feet: 39,550

  • Listing Price Information

    Listing Price: $2900000

  • Tax Information

    Parcel Number: 2611010012

  • Location Information

    Direction: mapquest/yahoo
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13930 Lakeside Street, Los Angeles, CA, 91342 $835,000 4 2 2,061 2,061 SqFt
12468 Ralston, Los Angeles, CA, 91342 $1,099,000 3 1 1,336 1,336 SqFt
13615 Herrick Avenue, Los Angeles, CA, 91342 $1,399,000 4 4 2,952 2,952 SqFt

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ByOwner last updated this listing 07/26/2026 @ 06:03

MLS: 26860729 LISTED BY: Robert Leveen, Robert Leveen 213-995-6684 SOURCE: CRMLS

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