Multifamily
10425 Independence Avenue
10425 Independence Ave, Los Angeles, CA 91311
Listing Price: $2,500,000
Investment Overview
The LAAA Team and The Ziegler Group of Marcus & Millichap are pleased to present 10425 Independence Avenue, a 1.03-acre residential development opportunity located in the Chatsworth submarket of the City of Los Angeles. The property will be delivered Ready-To-Issue (RTI) with approved SB 9 plans, allowing a buyer to commence construction immediately. The approved project consists of two separate SB 9 lot splits, each developed with two single-family residences and two detached ADUs, for a total of eight homes. The front residences average 1,682 square feet and feature private garages, while the rear 1,195-square-foot ADUs are detached, creating a modern, low-density, build-to-rent residential configuration.
What differentiates this offering is the exceptional land scale, execution certainty, and attractive basis. At approximately 44,954 square feet, the site represents one of the largest SB 9-eligible parcels available in the market and is being offered at the lowest price per square foot among comparable development opportunities. Delivery RTI materially reduces entitlement and timing risk, allowing an investor to close with a construction loan in place and proceed directly into vertical development. Additionally, the project is structured as two independent developments, providing scale, flexibility in financing or phasing, and optionality for future disposition. The project also has utilities on site.
The property is located within a predominantly low-density residential pocket of Chatsworth, a West San Fernando Valley submarket known for its larger lot sizes, strong household incomes, and limited new residential supply. Chatsworth offers a compelling blend of suburban livability and regional connectivity, with convenient access to the 118 Freeway, major employment corridors, and nearby retail, schools, and outdoor amenities. New, family-sized rental housing remains scarce in the area, where much of the existing inventory is older and functionally obsolete, supporting durable demand for newly constructed, detached homes with private garages. This positions the project to capture renters seeking modern product in a stable, supply-constrained Valley location.
10425 Independence Avenue
Investment Highlights
- Conceptual Eight-Unit Residential Development Plan - Preliminary site plans illustrate eight (8) detached two-bedroom / two-bath residences, each approximately 1,682 SF.
- Rare 1.03-Acre Parcel Within Los Angeles City Limits - Approximately 44,954 SF of contiguous land in Chatsworth—an exceptionally scarce offering with no assemblage risk.
- RA-1 Zoning Enhanced by State Density & Transit Incentives - While zoned single-family, the property benefits from SB 9, ADU statutes, and AB 2097 parking reductions.
- TOC Tier 3 + Major Transit Proximity - Transit-oriented designation supports increased residential yield and reduced parking requirements, an uncommon advantage for a low-density West Valley site.
- Flat, Non-Hillside Site With Minimal Overlay Constraints - No hillside designation, HPOZ, or specific plan overlay—reducing entitlement friction, construction complexity, and development risk.
Listing Price: $2,500,000
Investment Highlights
- Conceptual Eight-Unit Residential Development Plan - Preliminary site plans illustrate eight (8) detached two-bedroom / two-bath residences, each approximately 1,682 SF.
- Rare 1.03-Acre Parcel Within Los Angeles City Limits - Approximately 44,954 SF of contiguous land in Chatsworth—an exceptionally scarce offering with no assemblage risk.
- RA-1 Zoning Enhanced by State Density & Transit Incentives - While zoned single-family, the property benefits from SB 9, ADU statutes, and AB 2097 parking reductions.
- TOC Tier 3 + Major Transit Proximity - Transit-oriented designation supports increased residential yield and reduced parking requirements, an uncommon advantage for a low-density West Valley site.
- Flat, Non-Hillside Site With Minimal Overlay Constraints - No hillside designation, HPOZ, or specific plan overlay—reducing entitlement friction, construction complexity, and development risk.
Investment Overview
The LAAA Team and The Ziegler Group of Marcus & Millichap are pleased to present 10425 Independence Avenue, a 1.03-acre residential development opportunity located in the Chatsworth submarket of the City of Los Angeles. The property will be delivered Ready-To-Issue (RTI) with approved SB 9 plans, allowing a buyer to commence construction immediately. The approved project consists of two separate SB 9 lot splits, each developed with two single-family residences and two detached ADUs, for a total of eight homes. The front residences average 1,682 square feet and feature private garages, while the rear 1,195-square-foot ADUs are detached, creating a modern, low-density, build-to-rent residential configuration. What differentiates this offering is the exceptional land scale, execution certainty, and attractive basis. At approximately 44,954 square feet, the site represents one of the largest SB 9-eligible parcels available in the market and is being offered at the lowest price per square foot among comparable development opportunities. Delivery RTI materially reduces entitlement and timing risk, allowing an investor to close with a construction loan in place and proceed directly into vertical development. Additionally, the project is structured as two independent developments, providing scale, flexibility in financing or phasing, and optionality for future disposition. The project also has utilities on site. The property is located within a predominantly low-density residential pocket of Chatsworth, a West San Fernando Valley submarket known for its larger lot sizes, strong household incomes, and limited new residential supply. Chatsworth offers a compelling blend of suburban livability and regional connectivity, with convenient access to the 118 Freeway, major employment corridors, and nearby retail, schools, and outdoor amenities. New, family-sized rental housing remains scarce in the area, where much of the existing inventory is older and functionally obsolete, supporting durable demand for newly constructed, detached homes with private garages. This positions the project to capture renters seeking modern product in a stable, supply-constrained Valley location.
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