Development opportunity in the heart of Sun Valley. The offering consists of two parcels sold together as a single assemblage with multiple addresses: 11144 Lorne St., 11146–11148 Lorne St., and 8032 N Fair Ave. The site is currently improved with existing residential structures, including a single-family residence and a duplex, which are considered tear-downs with no contributory value to the future development potential. Approved plans are currently in process for the construction of a 17-unit townhome-style apartment development totaling approximately 26,740 square feet. The proposed project includes 15 units with three bedrooms and three-and-one-half bathrooms, one unit with two bedrooms and two-and-one-half bathrooms, and one unit with one bedroom and one-and-one-half bathrooms. All units are designed with attached garages and will be supported by a total of 33 private parking spaces. Ready-to-Issue (RTI) status is anticipated within approximately six to nine months. The property is ideally located in Sun Valley with convenient access to major transportation corridors including Interstate 5 and Interstate 170, offering strong regional connectivity throughout the San Fernando Valley and greater Los Angeles area. The site is also situated in close proximity to Hollywood Burbank Airport, Downtown Los Angeles, and numerous major production studios and employment centers. This redevelopment opportunity benefits from walkability and access to nearby public open space, including the future 46-acre Rory M. Shaw Wetlands Park, which is expected to enhance long-term neighborhood value, livability, and sustainability upon completion. The property is currently tenant-occupied with rental income in place, allowing for revenue generation during the entitlement and RTI process. Seller intends to complete a 1031 Exchange; Buyer cooperation is requested at no additional cost to the Buyer. Contact Listing Agent for access to approved plans and additional development details.