$1,300,000
$1,375,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
0.36 Acres Lot
SOLD DATE : 09/06/2022
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21226555
Sold Date 09/06/22
HOA Y/N No
Year Built 1938
Annual Tax Amount $10,150
Tax Year 2019
Lot Size 0.356 Acres
Lot Dimensions Assessor
Property Description
Housing and Mixed Use Development Opportunity in the City of San Fernando in a NO rent control city. Property zoned for 13 residential apartment units or condos plus a commercial office/retail building. San Fernando has (verify zoning with the City of San Fernando. Existing building has fully occupied 3 residential units plus 2 commercial office building use. Take a advantage of rental income until you are ready to begin construction. Maclay Ave. corridor is zoned for mixed use. Property is 5 minutes drive to Interstate 210 Fwy and 118 Fwy. City of San Fernando is easy over the counter access to city planners. City of San Fernando has it's own police department. Build new project in a safe growing community city.
Development Opportunity: Mixed use zoned (SP-5) zoning permits FAR 1.5, max. district on Maclay Ave. Corridor.
Location
State CA
County Los Angeles
Area Sf - San Fernando
Rooms
Other Rooms Living Quarters
Interior
Heating Central, Natural Gas, Zoned
Cooling Central Air, Gas, Wall/Window Unit(s), Zoned
Fireplace No
Laundry None
Exterior
Fence Block, Stucco Wall
Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Roof Type Composition,Flat,Mixed,Spanish Tile
Total Parking Spaces 15
Building
Lot Description 36-40 Units/Acre, Landscaped, Flat
Story 1
Water Public
Additional Building Living Quarters
Others
Tax ID 2515016009
Security Features 24 Hour Security
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Vasken Bedirian • Westgroup
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Broker Associate | Lic# 00870450