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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

    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!

    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#: GD22258679MLS LogoOriginating 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
    Get a cash offer in 3 minutes

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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