The 14,544 SF lot is zoned LAC2-1VL (R4 equivalent). The zoning affords an investor to build 35 units by right and a maximum build of 50 units. Existing improvements include a street-front retail store, office and a large parking lot. The current owner has preliminary plans for the development of a 14,542 SF apartment complex comprised of 42 units [(8) studios, (24) 1-bedrooms and (10) 2-bedrooms]. The offering is conveniently located near a wide selection of shopping malls and community centers throughout North Hills and Panorama City. Please bring all reasonable offers. Seller is willing to carry up to 50%. This property can be purchased individually or as a portfolio (portfolio offers may receive discounted price) including 8745 Parthenia Place and 18137 Parthenia Street.