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13035 SAN FERNANDO RD Sylmar, CA 91342
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Key Details
Sold Price $1,600,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20-546992
Sold Date 09/01/20
Lot Size 0.484 Acres
Property Description
HUGE PRICE REDUCTION! We are pleased to present for sale a C2 development opportunity located in the San Fernando Valley neighborhood of Sylmar. The subject property consists of a total lot size of 21,069 sqft, meaning a developer can build up to 52 units by right! Possibilities are endless with this oversized, CORNER lot due to the attractive C2 zoning: perfect for residential apartments, mixed use, NON-PROFIT projects, and more! Property is also located in a QUALIFIED OPPORTUNITY ZONE! (potential tax incentives for new construction projects-buyer). Location provides easy access to the 5 and 210 freeways. Current improvements include a 8 unit motel. Rent the rooms for extra cash while going through entitlements! Don't miss this opportunity to build on a large corner lot at a LOW price per door of only ~$35,000/door! Buyer to verify all zoning and regulations with LADBS. Please submit offer on CAR Commercial Property Purchase Agreement. Seller will consider all reasonable offers!
Location
State CA
County Los Angeles
Area Sylmar
Zoning LAC2
Exterior
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Others
Special Listing Condition Standard
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Bought with Sync Brokerage, Inc.