Currently, an office building sits on the 13,132 SF lot zoned LAC2. The zoning affords an investor to build 32 units by right and a maximum build of 45 units. The current owner has preliminary plans for the development of a 13,128 SF mixed-use building comprised of ground-floor commercial space and 40 units [(8) studios, (20) 1-bedrooms and (12) 2-bedrooms]. The offering is conveniently located near a wide selection of shopping malls and community centers throughout North Hills and Panorama City. Walkscore views this area as a very walkable neighborhood, with a score of 76. 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 7701 Sepulveda Boulevard and 18137 Parthenia Street.