15316 Parthenia

15316-15324 Parthenia St. Prime Storefront Retail. THE OFFERING Positioned just east of the high-traffic Sepulveda & Parthenia intersection, this 14,305 SF mid-block asset offers a superior balance of massive street exposure and easier site ingress/egress. Currently a 6-storefront-unit retail strip, the property is a prime candidate for a high-density "Podium" development under the 2026 Citywide Housing Incentive Program (CHIP). LOCATION ADVANTAGE • The Traffic Stream: Benefits from the 34,229 ADT on Sepulveda Blvd as cars accelerate or slow for the Parthenia intersection. Traffic counts from Realtor Property Resource (RPR). • Transit Oriented: Situated in a TOC Tier 3 / CHIP Opportunity Corridor, ensuring the highest level of density bonuses and parking reductions • Ease of Access: Unlike corner lots that face "right-in, right-out" restrictions, this mid-block location allows for more flexible loading and residential parking entrance designs. This site sits just blocks from the Metro Sepulveda Transit Corridor, ensuring long-term appreciation and tenant demand.