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!
Sold for $1,111,111 on 02/07/23
Listing Provided by:
Charlie Kachian DRE #01987652 213-610-5626,
JohnHart Real Estate
$1,111,111
16116 Saticoy St, Van Nuys, CA 91406
--beds
--baths
1,636sqft
Duplex
Built in 1950
-- sqft lot
$1,087,000 Zestimate®
$679/sqft
$3,552 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 08, 2023 at 11:24am
Listing Provided by:
Charlie Kachian DRE #01987652 213-610-5626,
JohnHart Real Estate
Bought with:
Armine Badikyan, DRE #01901526
Terra Trade, Inc
Source: CRMLS,MLS#: GD22258679
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,636
- Total interior livable area: 1,636 sqft
Property
Parking
- Parking features: Asphalt, Driveway, Private, RV Potential, RV Access/Parking, One Space
Features
- Pool features: None
- Fencing: Block,Wrought Iron
Lot
- Size: 7,872 sqft
- Features: 0-1 Unit/Acre, Paved
Details
- Parcel number: 2205021019
- Zoning: LAMR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Unknown
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks
Location
- Region: Van Nuys
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Services availability
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Estimated market value
$1,087,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,087,000