Sylmar (SYL) Homes with Uncovered Parking features

Sylmar (SYL) Homes with Uncovered Parking features

Welcome to Sylmar, a charming neighborhood nestled in the San Fernando Valley region of Los Angeles County, California. Known for its picturesque landscapes and vibrant community, Sylmar offers a perfect blend of suburban tranquility and urban convenience. With its rich history and a diverse population, this region is an ideal place for families, young professionals, and retirees alike.

Sylmar is renowned for its stunning views of the surrounding mountains and easy access to numerous parks and recreational areas. The neighborhood is dotted with hiking trails, such as those found in the nearby Angeles National Forest, making it a haven for outdoor enthusiasts. Additionally, Sylmar boasts a variety of shopping, dining, and entertainment options, ensuring that residents have everything they need right at their fingertips.

One of the standout features of homes in Sylmar is the availability of properties with uncovered parking options. This is a significant advantage for homeowners and renters alike, as it provides the convenience of easy access to vehicles without the hassle of navigating tight garages or complex parking situations. Uncovered parking spaces offer flexibility for families with multiple cars or for those who enjoy hosting guests.

Whether you’re looking for a cozy single-family home or a spacious townhouse, Sylmar's real estate market has something for everyone. With its welcoming atmosphere and ample amenities, it’s no wonder that Sylmar is gaining popularity among homebuyers. Experience the charm of Sylmar and discover the perfect place to call home in this vibrant community!

Newest Sylmar (SYL) Homes with Uncovered Parking features

$2,900,000
16 Beds 9 Baths 26860729 MLS Active Status
12215 San Fernando Road in Sylmar, CA. 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 a 0.91 acre (39,537 SF) parcel. In 2018, the property was renovated and two new units were added. There is an on-site leased laundry room, and each unit has wall a/c units. Currently, some of the excess land is used for truck parking generating $500 per month in revenue; and the additional space on the excess can be rented should the opportunity arise. Currently, the property is generating almost $15,000 per month in income.The parcel is zoned LA C2-2D. 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 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 investor/developer to acquire a sizable developable parcel in a sub-market in critical need of new housing, and is also eligible for expedited entitlement processing.

12215 San Fernando Road, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.