AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITY! 15226 Parthenia Street is a compelling affordable housing development opportunity in the heart of North Hills. This 18,339 SF lot presents a rare opportunity to develop a 100% affordable housing project within one of the Valley's most active and established affordable housing neighborhoods. Located within a 1/2 mile of a Major Transit Stop and utilizing Citywide Housing Incentive Programs, this site has no maximum density and is otherwise only limited by FAR and Height. Based on these parameters, the site may accommodate approximately 100 residential units, subject to design efficiency and required development standards.Pricing for this opportunity offers developers an attractive basis well below prevailing market land values for affordable housing projects. Affordable housing developers commonly pay between $50,000 and $100,000 per buildable unit for land, while 15226 Parthenia St is being offered at approximately $27,000 per potential unit. Buyer to independently verify all zoning, density, FAR, parking, entitlement, affordability program eligibility, development potential and governmental requirements

Listing courtesy of Megan Husri of Keller Williams Studio City

Based on information from the The MLS as of 2026-09-10 10:43 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.