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- LoopNet Team
8405 Glenoaks Blvd
Sun Valley, CA 91352
Land For Sale · 0.35 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.35 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.35 AC |
Description
Glenoaks will be delivered as shovel ready 19 unit apartment development located in the Sun Valley submarket of the San Fernando Valley. This opportunity provides a buyer the ability to immediately begin construction upon close of escrow and/or purchase with a construction loan. The four unit structure on site will be demolished in January 2018 – tenant relocation fees have been paid in full. Building permits will be paid for and delivered with the sale (Approx. $180,000 value including city fees). The development consists of an on-grade parking structure with 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 Bathroom units spread across three residential floors. There are no significant off-site improvements, flat topography and on-grade construction should make this a very cost effective build.
PROPERTY TAXES
| Parcel Number | 2404-019-047 | Improvements Assessment | $5,207,803 |
| Land Assessment | $2,719,133 | Total Assessment | $7,926,936 |
PROPERTY TAXES
zoning
| Zoning Code | LAR3-1 |
| LAR3-1 |
