$2,995,000

We are proud to exclusively represent a premier development opportunity at 7131 Baird Avenue in the heart of Reseda. This 24,529 SF vacant lot is zoned [Q]R2-2D-CDO and designated under the Community Commercial General Plan, supporting increased residential density and offering a unique opportunity to deliver much-needed housing in a growing Los Angeles submarket. Ideally suited for multifamily development, the property can accommodate high-density housing, including small lot subdivisions or condominium projects. The site benefits from a robust set of local and state housing incentives that significantly enhance its development potential. Under SB 684, eligible projects may take advantage of ministerial lot splits and a streamlined entitlement process for up to 10 housing units per lot, eliminating CEQA review and discretionary approvals. Executive Directive 1 (ED1) fast-tracks approvals for 100% affordable housing developments by removing public hearings and significantly accelerating permitting timelines. Additionally, the property is located in a Low Vehicle Travel Area as defined by AB 2334, unlocking enhanced density bonuses and reduced parking requirements under State Density Bonus Law. Further supporting development, 7131 Baird Avenue is designated within a Transit Oriented Communities (TOC) Tier 1 zone, providing additional incentives for higher-density housing near transit, including increased floor area, bonus density, and reduced parking requirements. With strong entitlement advantages, favorable zoning for residential development, and close proximity to major transportation and commercial corridors, this site represents a rare and compelling infill opportunity for developers looking to build impactful housing in one of Los Angeles' most policy-supported growth areas.