17366 Sierra Highway

This is a once-in-a-lifetime opportunity to build a niche community of new luxury homes or an expansive family compound. The whole parcel offers spectacular views, all directly adjacent to the best homes of Santa Clarita's desirable Sunset Heights neighborhood. Nearby view homes built 20 years ago have sold for more than $1 million. The parcel is zoned SCUR1, suggesting an exit of about 14 similar homes if the lot configuration allows, and possibly more if a builder can leverage variances or state density bonuses. Despite the Sierra Highway address, the property line actually touches both Ridge View Drive and Linda Vista Street, providing multiple street and utility access points directly across from existing homes. There is an existing and fully functional two-bedroom, one-bath home on the site. Held by the same family since the 1960s, before construction of the surrounding neighborhood (hence the Sierra Hwy address), the property has no known rental history and will be delivered vacant. About a five-minute drive downhill is the game-changing Sand Canyon Plaza Project, a mix of retail, restaurant, grocery and housing that also incorporates park space and recreational uses. This parcel is an urban infill opportunity in a booming Southern California community that's perfect for a builder of attractive homes who can leverage the lot for maximum return.