Pending

10425 Independence Avenue

Chatsworth, CA 91311
Mark as Favorite
SqFt44,954

Sqft(Lot)

We are pleased to present 10425 Independence Avenue, a rare 1.03-acre residential development opportunity located in the Chatsworth submarket of the City of Los Angeles. The property will be delivered RTI with fully approved SB 9 plans, allowing a purchaser to commence construction immediately upon close. The approved development consists of two separate SB 9 lot splits, each improved with two single-family residences and two detached accessory dwelling units (ADUs), totaling eight homes. The front residences average 1,682 square feet and feature private garages, while the rear 1,195 square-foot ADUs are fully detached, creating a modern, low density, build-to-rent residential configuration.What distinguishes this offering is its exceptional land scale, execution certainty, and compelling basis. Spanning approximately 44,954 square feet, the site represents one of the largest SB 9 eligible parcels currently available in the market and is being offered at the lowest price per square foot among comparable development opportunities. RTI delivery materially reduces entitlement and timing risk, enabling an investor to close with construction financing in place and proceed directly into vertical development. In addition, the project is structured as two independent developments, offering enhanced flexibility for financing, phasing, or future disposition. All major utilities are already on site, further streamlining execution.The property is situated within a predominantly low density residential pocket of Chatsworth, a West San Fernando Valley submarket characterized by larger lot sizes, strong household incomes, and limited new residential supply. Chatsworth offers an attractive balance of suburban livability and regional connectivity, with convenient access to the 118 Freeway, major employment centers, and nearby retail, schools, and outdoor amenities. New, family-oriented rental housing remains scarce in the area, where much of the existing inventory is older and functionally obsolete. As a result, demand remains strong for newly constructed, detached residences with private garages, positioning the project to capture renters seeking modern product in a stable, supply-constrained Valley location.

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Detail Ic Property Details

Property Type : Land

Price : $2,500,000

AD Id : 85729057

MLS Id : 26638867

Lot Size : 44,954 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.032 Lot Size Dimensions: 150x300
  • Lot Size Source: Assessor Lot Size Square Feet: 44954

  • Listing Price Information

    Original List Price: 2,500,000 Listing Contract Date: 2026-01-01
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 2706019021

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: CHT - Chatsworth Postal Code Plus 4: 2337 Directions: Nearest cross street of Independence Ave & San Jose St. Zoning: LARA Source Property Type: Land Area: CHT - Chatsworth
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Nearby Home Value

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1 Curaco, Chatsworth, CA, 91311 $36,000 -- -- -- 2,491 Sqft(Lot)
21776 Mojave Trail, Chatsworth, CA, 91311 $75,000 -- -- -- 3,604 Sqft(Lot)
11627 Poema Place, Chatsworth, CA, 91311 $1,150,000 -- -- -- 62,550 Sqft(Lot)
22001 Santa Susana Pass.., Chatsworth, CA, 91311 $2,995,000 -- -- -- 728,677 Sqft(Lot)

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ByOwner last updated this listing 07/06/2026 @ 10:30

MLS: 26638867 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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