20247 Saticoy Street, Winnetka, CA 91306

$2,550,000 Approx. USD 0 beds, 0 baths

Agent Remarks

Attention Developers! Potential development site to build up to 38 units by right, or up to 51 units with variance. Lot 22,338 SF zoned LAC1.5 (R4 uses). Newly build multi-family next door had variance granted! Utilize density bonus to add more units! Environmental report done! Conceptual layout is for 4 level property: Ground floor - 8 units, 2nd/3rd/4th floors - 10 units per each (total 38 units); 65 covered parking spaces & 11 uncovered (total 76). The lot is adjacent to Warner Center, the third largest employment base in Los Angeles County. It is in close proximity to the 101, 405 and 118 freeway. Currently there is a one-story building of about 6000 SF, leased to a long term tenant, $10,000/ months, up to 4 years left on a lease, all expenses included except property taxes & insurance. Buyers do your own due diligence! Drive by only - do not approach tenant or walk the property! Sold for land value.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 16-155568
List price is $2,550,000 Reduced by $100,000 on 8/23/2016
Beds: 0
Baths: 0
County: Los Angeles
Zoning: LAC1.5
MLS area: Winnetka (WIN)

Last Updated: 9/27/2016

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This listing belongs to the Winnetka (WIN) MLS area

The listing is zoned LAC1.5.
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Lat/Long: 34.208733, -118.574760.
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Broker: Courtesy of Yana Bekher Pacheco
Listing Agent: Yana Bekher-Pacheco

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