14008 Foothill Boulevard

14008 Foothill Boulevard

Sylmar, CA 91342

$2,200,000
Price
21,556 / 0.49
Lot Size / Acres
a front view of a multi story building
an aerial view of a city

Description

We are excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and...We are excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and 2 bedroom units. There is the opportunity to build even more by constructing 6+ floors and scrapping the parking. Being an ED1 eligible site allows an expedited approval process for 100% affordable developments which enables project approval within months. Current improvements include an occupied duplex on a month-to-month basis paying $3,775 per month. This allows a buyer to obtain a loan while working to get their entitlements and permits in place. This development site benefits from strategic positioning within Sylmar, CA. Boasting proximity to essential amenities, including schools, shopping centers, and recreational facilities, the site offers residents convenient access to daily necessities and leisure pursuits. Additionally, its favorable locale within the greater Los Angeles area ensures connectivity to major transportation routes, enhancing accessibility for residents commuting to neighboring districts. Such attributes underscore the desirability and viability of this investment opportunity within a burgeoning market for affordable housing. Moreover, the site's surroundings encompass a burgeoning community characterized by ongoing urban development and economic growth initiatives. As part of a dynamic neighborhood fabric, this investment holds promise for contributing to the local socio-economic landscape while addressing the pressing need for affordable housing solutions. In summary, this development site presents a compelling proposition for investors seeking to engage in socially impactful ventures within a burgeoning real estate market.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 14008 Foothill Boulevard

Zoning
LAR3
Parcel Number
2504022003
Area
Sylmar (SYL)
Lot Size Area
21556
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
2504-022-003
Directions
Foothill & Polk

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 04/18/2024 12:01 AM

Property Details for 14008 Foothill Boulevard

StatusActive
MLS #24-378659
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.49 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 14008 Foothill Boulevard

Lot Size0.49 AC

Payment Calculator

$13,689 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$1,683

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14008 Foothill Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.4949
  • Lot Size Square Feet: 21556
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-10-2024

Property History for 14008 Foothill Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14008 Foothill Boulevard

Taxable ValueLand$1,142,400Additions$489,600Total$1,632,000
Tax Record2023$20,191 ($1,683 / month)
Home Facts
Total Finished SqFt1,750 SqFtAbove Grade Finished SqFt1,750 SqFtLot Size21,549 SqFtStyleDuplexYear Built1923ZoningLAR3CountyLOS ANGELESAPN2504-022-003

Schools near 14008 Foothill Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Sylmar Elementary School
Public - K to 5
Olive Vista Middle School
Public - 6 to 8
Cesar E. Chavez Learning Academies-Teacher Preparation Academy
Public - 9 to 12
Cesar E. Chavez Learning Academies-Social Justice Humanitas Academy
Public - 9 to 12
Rating
School
Distance
Sylmar Elementary School
PublicK to 5

Olive Vista Middle School
Public6 to 8

Cesar E. Chavez Learning Academies-Teacher Preparation Academy
Public9 to 12

Cesar E. Chavez Learning Academies-Social Justice Humanitas Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 14008 Foothill Boulevard, Sylmar, CA 91342

14008 Foothill Boulevard is a 0.49 ac of land for sale in Sylmar, CA 91342. This property was listed for sale on April 10, 2024 by Marcus & Millichap, it's currently listed at $2,200,000. It has been on the market for a total of 23 days and was last sold on March 22, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Sylmar Elementary School, Olive Vista Middle School and Cesar E. Chavez Learning Academies-Teacher Preparation Academy. 14008 Foothill Boulevard is a 0-bed, 0-bath, 0.49 ac of land on a 21,556 sq. ft. / 0.49 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.