16116 Saticoy Street, Lake Balboa, CA 91406
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Sold Price :
$1,111,111
-
Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1950
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!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
16116 Saticoy Street |
| City |
Lake Balboa |
| State |
CA |
| Zip |
91406 |
| County |
Los Angeles |
| Listing Agent |
Charlie Kachian DRE #01987652 |
| Courtesy Of |
JohnHart Real Estate |
| Close Price |
$1,111,111 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Duplex |
| Structure Size |
N/A |
| Lot Size |
7,872 |
| Year Built |
1950 |
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.
