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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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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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Jimmy Rashid REALTORĀ® - Sales Associate 424-209-9129 m
818-223-9100 o
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com
Text Me
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Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com
Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
Phone: 818-223-9100
Fax: 818-876-3100
Calabasas 23925 Park Sorrento
Calabasas, CA 91302
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Fax: 818-876-3100
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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

 Find more Sylmar homes and real estate

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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#: 02130355
Office Name: Calabasas

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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 Jimmy Rashid

Jimmy Rashid REALTORĀ® - Sales Associate 424-209-9129 m
818-223-9100 o
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com
Text Me
Call My Cell
Call My Office
Lic#: 02130355
NRDS ID: 175534418
Jimmy@JimmyRashid.com

Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
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