Property Listing No Longer Available for Sale

17650-17900 Highwater Road

Granada Hills, CA

Land for Sale - $1,995,000 - 6.27 acres


Property Info

CIMLS#867693
Location
  17650-17900 Highwater Road
  Granada Hills CA 91344
UpdatedMarch 17th, 2016
TypeLand
Price$1,995,000
Land6.27 acres

Property Description

The Highwater Road development site consists of approximately 6.4 acres on a hillside with elevated views high above the San Fernando Valley. The current zoning for the site is agricultural use (A1-1-O-K) designated for open space park. Several ideas for development consideration is to build residential luxury homes per the Los Angles Zoning Department, you may build 1 dwelling unit per 2.5 acre lot (Buyer to confirm with city), an additional consideration is to develop a country club driving range, equestrian ranch, and lastly a community center. Recent residential sales in the immediate area have sold at an average price of $337 per square feet and sold as high up to $409 per square feet allowing for high valued sales on an exit for a Developer. Home values have seen recent incremental increases with prices up to $2,000,000 for luxury homes within a 1 mile radius of the subject property. In addition, the property is situated several blocks away from a well regarded school in the Granada Hills School district, the Robert Frost Middle School. As a developer this project offers a fantastic opportunity to break ground into the affluent Granda Hills sub-market with a valuable presence to enhance the community.

Granada Hills is located at the foothills of the Santa Susana Mountains, north of the North Hills, Northridge, west of Mission Hills and Sylmar, and east of the Porter Ranch neighborhoods of Los Angeles and is centrally located near several main freeway arteries just north of the interstate 118, south of the i5, and adjacent to the i210 Pasadena freeway. The city is highly diverse and is high-income suburban residential neighborhood of Los Angeles. Nearby parks and recreation includes the second largest park in Los Angele, the O'Melveny Park that offers hiking trails and grassy picnic areas, a few streets north the property.

Location Description:

Granada Hills is located at the foothills of the Santa Susana Mountains, north of the North Hills, Northridge, west of Mission Hills and Sylmar, and east of the Porter Ranch neighborhoods of Los Angeles and is centrally located near several main freeway arteries just north of the interstate 118, south of the i5, and adjacent to the i210 Pasadena freeway. The city is highly diverse and is high-income suburban residential neighborhood of Los Angeles. Nearby parks and recreation includes the second largest park in Los Angele, the O'Melveny Park that offers hiking trails and grassy picnic areas, a few streets north the property

Highlights:

>> Pristine Granda Hills Residential Area

>> Over $1,000,000 Homes Sold in the Immediate Area

>> Develop 2.5 Acre per dwelling units - 2 Luxury Residential Homes

>> By-Right Country Club Golf Range Development

>> Average Household Income of $140,000 in a 1-Mile Radius

>> Beautiful Elevated Views of the San Fernando Valley

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Financials

Sales Info:

>> Commision split: 2.5%


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