$2,750,000

We are proud to exclusively represent a premier development opportunity at 7131 Baird Avenue, centrally located in Reseda. This 24,529 SF vacant lot, zoned [Q]R2-2D-CDO and designated under the Community Commercial General Plan, presents an exceptional opportunity for a small lot subdivision or condominium project featuring potential Accessory Dwelling Units (ADUs). The site is eligible for state housing incentives under SB 684 and SB 1123. SB 684 facilitates ministerial lot splits allowing up to 10 housing units per lot, streamlining the entitlement process, and exempting projects from CEQA review and discretionary approvals. Similarly, SB 1123 supports streamlined processes for condominium projects, encouraging the addition of ADUs by simplifying zoning compliance and reducing procedural timelines. Additionally, 7131 Baird Avenue is situated within a Transit Oriented Communities (TOC) Tier 1 zone, offering incentives such as increased floor area, bonus density, and reduced parking requirements due to its proximity to transit. With favorable zoning, streamlined entitlement processes, and strategic location near transportation and commercial corridors, this property represents an outstanding infill development opportunity in one of Los Angeles' actively supported growth areas.