12215 San Fernando Road, San Fernando Valley, CA 91342
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
12215 San Fernando Road,Los Angeles, CA 91342
$2,900,000
- 16 Beds
- 9 Baths
- 4,549 sq. ft.
- Multi-family
- Active
Listed by: robert leveen
Office: robert leveen213-995-6684
MLS#:26860729
Source:CRMLS
Price summary
- Price:$2,900,000
- Price per sq. ft.:$637.5
About this home
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 Fernando 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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Home facts
- Year built:1937
- Listing ID #:26860729
- Added:15 day(s) ago
- Updated:August 01, 2026 at 11:04 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:9
- Living area:4,549 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1937
- Building area:4,549 sq. ft.
- Lot area:0.91 Acres
- Levels:1 Story
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$637.5
Parking
- Total parking spaces:16
- Parking description:Uncovered
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