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  • 10425 Independence Avenue

10425 Independence Avenue, Chatsworth, CA 91311

$2,500,000 Approx. USD 0 beds, 0 baths
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Photo of Lori Meltzer

Lori Meltzer REALTORĀ® - Sales Associate 818-219-6366 m
818-933-2400 o
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
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Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2763

Co Listing Agent


Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2808

Agent Remarks

We are pleased to present 10425 Independence Avenue, a rare 1.03-acre residential development opportunity located in the Chatsworth submarket of the City of Los Angeles. The property will be delivered RTI with fully approved SB 9 plans, allowing a purchaser to commence construction immediately upon close. The approved development consists of two separate SB 9 lot splits, each improved with two single-family residences and two detached accessory dwelling units (ADUs), totaling eight homes. The front residences average 1,682 square feet and feature private garages, while the rear 1,195 square-foot ADUs are fully detached, creating a modern, low density, build-to-rent residential configuration.What distinguishes this offering is its exceptional land scale, execution certainty, and compelling basis. Spanning approximately 44,954 square feet, the site represents one of the largest SB 9 eligible parcels currently available in the market and is being offered at the lowest price per square foot among comparable development opportunities. RTI delivery materially reduces entitlement and timing risk, enabling an investor to close with construction financing in place and proceed directly into vertical development. In addition, the project is structured as two independent developments, offering enhanced flexibility for financing, phasing, or future disposition. All major utilities are already on site, further streamlining execution.The property is situated within a predominantly low density residential pocket of Chatsworth, a West San Fernando Valley submarket characterized by larger lot sizes, strong household incomes, and limited new residential supply. Chatsworth offers an attractive balance of suburban livability and regional connectivity, with convenient access to the 118 Freeway, major employment centers, and nearby retail, schools, and outdoor amenities. New, family-oriented rental housing remains scarce in the area, where much of the existing inventory is older and functionally obsolete. As a result, demand remains strong for newly constructed, detached residences with private garages, positioning the project to capture renters seeking modern product in a stable, supply-constrained Valley location.

Listing Details

Property type: (Lots/Land)
Status: Pending
MLS# 26638867
Price: $2,500,000
Beds: 0
Baths: 0
1.03 acres
Lot size: 1.0320
County: Los Angeles
Zoning: LARA
MLS area: CHT - Chatsworth

Last Updated: 6/22/2026

 Days On Market (DOM): 40

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This listing belongs to the CHT - Chatsworth MLS area

Lat/Long: 34.259758, -118.591352.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lori Meltzer

Lori Meltzer REALTORĀ® - Sales Associate 818-219-6366 m
818-933-2400 o
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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