18218 Strathern , Reseda, CA 91335
$4,490,000
Est. Payment: $23,297.64/mo
1.5 Acres
Status: active | Days on site: 16
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House Description

**RARE 1.5-ACRE DEVELOPMENT OPPORTUNITY — THREE CONTIGUOUS LOTS, THREE EXISTING SINGLE-FAMILY HOMES, ENDLESS POSSIBILITIES!** An exceptionally rare offering in the heart of the San Fernando Valley, featuring approximately 65,380 square feet of combined land across three separate parcels at 18218, 18210, and 18204 Strathern Street. Each parcel features its own existing single-family residence, all individually rented on a month-to-month basis, providing an opportunity for rental income while exploring future development possibilities. All three homes and their existing tenancies are included in the sale. This unique assemblage presents an exceptional opportunity for developers, builders, and investors to capitalize on a substantial landholding with multiple potential development strategies. Explore the possibilities of a multifamily residential community of approximately 20–30 units, a planned subdivision of approximately 10 homes, or retaining the three existing residences while exploring the addition of up to four ADUs per parcel, potentially creating 15 residences across the property. The expansive combined land area offers the opportunity to envision an entirely new residential community in an established San Fernando Valley neighborhood. Whether pursuing a larger residential development or maximizing the potential of each individual parcel, opportunities of this scale and versatility are increasingly difficult to find. **THREE PARCELS. THREE EXISTING HOMES. ONE EXTRAORDINARY OPPORTUNITY!** All three properties must be purchased together and are offered AS-IS, subject to existing month-to-month tenancies and applicable tenant rights. All development scenarios and architectural renderings are conceptual illustrations only and do not represent approved plans, entitlements, or guaranteed development potential. Buyer to independently verify zoning, density, permitted uses, subdivision feasibility, ADU eligibility, utilities, existing tenancies, and all development possibilities with the appropriate governmental agencies.

Highlights

Listed by Saro Dilanchian , 8189729550 Latitude Real Estate & Invest , 818-972-9550. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land

Lot/Acreage
1.5

County

Los Angeles

Area

RES - Reseda

Listing ID

GD26228923

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:Lot Over 40000 Sqft,No Land Lease
Zoning:RA-1 / LARA
Others:
  • ▪ Additional:Has ADU
Principal Interest
$23,298
Taxes
$2,862

Home Price

$4,490,000

Loan Details

30 yrs
6.75%

Down Payment

20%
$898,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$23,297.64

Principal

Taxes

Principal Taxes HOA Total
Monthly $23,297.64 $2,862.38 $0.00 $26,160.02
Yearly $279,571.72 $34,348.50 $0.00 $313,920.22
Total $8,387,151.71 $1,030,455.00 $0.00 $9,417,606.71

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Reseda, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T19:34:22.000Z

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