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12215 San Fernando Road Sylmar, CA 91342
$3,000,000 16 beds, 9 baths
4, 549 sqft
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Photo of Alexander Varney

Alexander Varney REALTORĀ® - Sales Associate 805-640-5660 m
805-640-5660 o
Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com
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Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com
Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278
Ventura 789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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Fax: 805-644-8278
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26639141
List price is $3,000,000
Beds: 16
Baths: 9
Built in 1937
4,549 sqft
1 story
0.91 acres
Lot size: 0.9076
County: Los Angeles
Zoning: LA C2-2D
Parking description: None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: SYL - Sylmar

Last Updated: 1/24/2026

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This listing belongs to the SYL - Sylmar MLS area

Lat/Long: 34.291801, -118.451560.
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Listing Agent: Robert Leveen
Co Listing Agent: Jesse Munoz
Lic#: 01939679
Office Name: Ventura

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Alexander Varney

Alexander Varney REALTORĀ® - Sales Associate 805-640-5660 m
805-640-5660 o
Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01939679
NRDS ID: 211513725
AlexanderVarney@bhhscal.com

Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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