USACASylmar12215 San Fernando Rd
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12215 San Fernando Rd, Sylmar, CA

House

For Sale

Listed price in listed location currency (USD).
$3,000,000

16916

MLS® 26639141

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4549 sqft
Garage 
Taxes 
Days Active 90
Lot Size 
Approx. Age 1937
Avg. Price Per Sqft $659
MLS® Number 26639141

Property Address: 12215 San Fernando Rd, Sylmar, CA, 91342-5039

Average square foot calculated using Size range provided by listing agent.

Description

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 0.91 acres (39, 537 SF) parcel. In 2018, the property was renovated and two new units were added. Additional income is derived from truck parking. The parcel is zoned LA C2-2D-CPIO. 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 just adopted 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 affordable housing developer to acquire a sizable residential parcel eligible for expedited entitlement processing and continue to earn income.
MLS® Number26639141
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1937
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 16, 2026List Date
$3,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
12215 San Fernando Rd, Sylmar, CA

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