18218 Strathern , Reseda, CA 91335
$4,490,000
Est. Payment: $23,297.64/mo
1.5 Acres
Status: active | Days on site: 1
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CR-G8244 - CR-GD90174
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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 2030 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 e

Highlights

Listed by Saro Dilanchian , 818-482-5433 Latitude Real Estate & Invest , 818-972-9550. San Diego County Multiple Listing Service mls logo

Property Type

Vacant Land

Lot/Acreage
1.5

County

Los Angeles

Listing ID

GD26228923

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Interior Features

Exterior Features

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.

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Data last updated: 2026-11-07T19:36:16.000Z

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