16116 Saticoy Street

Lake Balboa, CA 91406

$1,111,111

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $679 / sqft

1950

calendar_month Built

Property Description

Investors wanted! Great opportunity in Lake Balboa just across from the Van Nuys Airport! The possibilities are endless with this multi-family duplex that is in LAMR1 zoning allowing for commercial use C2 or light manufacturing M1, as well as legal cannabis zoning. Property was previously used as a legal cannabis manufacturing and packaging business. A large, gated parking lot with space for 6+ cars, and at the back of the property is a spacious duplex totaling 1,636 sqft. Each unit features 2-bedrooms, 1-bathroom, and separate gas and electric meters. The property has a total of 2 gas meters and 3 electric meters. Keep the same layout or re-develop for an office building, warehouse, manufacturing, or even residential units. Additional parking can be found in front of the automated gate. The property is spacious 7,872 sqft and has so much potential. Do not miss out!

Listing Information

Close Price $1,111,111
Close Date Tuesday, February 7th, 2023
Status Closed
MLS GD22258679
Type Residential Income
Subtype Duplex
Year Built 1950
Lot Size 7,872
Structure Size N/A
DOM 8
Courtesy Of JohnHart Real Estate
Listing Agent Charlie Kachian DRE#01987652

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Charlie Kachian, JohnHart Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 8th, 2023 at 11:23 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.