6839 Baird Avenue

Reseda, CA 91335
$4,000,000
Courtesy of Keller Williams Beverly Hills

Description

We are proud to present a Development Opportunity at 6839-6843 Baird Ave, Reseda. This combined property offers a total lot size of approximately 27,298 SF and is zoned R2-1-RIO under the MediumResidential General Plan. The site is designated as a Tier 3 TransitOriented Communities (TOC) location, making it attractive for further development. The property currently includes both a duplex and a triplex, with the potential for additional units under AB2334 to achieve R3 zoning. Located in a gentrifying neighborhood near schools, transportation, and major hubs such as Van Nuys Airport and Warner Center, the area offers excellent residential appeal. With a high walkability score and proximity to public transit, this site is an ideal opportunity for developers. The site offers significant development potential as either a 100%Affordable Housing Project or a By-Right Market Rate Development. As a Tier 3 TOC site, a fully affordable project can benefit from density bonuses, reduced parking requirements, and other incentives, allowing for greater unit yield. Alternatively, the property is well-positioned for a market-rate development,leveraging its prime location and zoning to build a multi-family residential project without the need for special approvals.
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  • Property Details
    • Measurements
      • Acres:0.6267
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$4, 000, 000
  • Other
    • Source
      • MLS #:24436993

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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