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16116 Saticoy ST Lake Balboa, CA 91406
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Key Details
Sold Price $1,111,111
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD22258679
Sold Date 02/07/23
HOA Y/N No
Year Built 1950
Lot Size 7,871 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAMR1
Interior
Fireplace No
Laundry None
Exterior
Parking Features Asphalt, Driveway, Private, RV Potential, RV Access/Parking, One Space
Fence Block, Wrought Iron
Pool None
Community Features Street Lights, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Paved
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 2205021019
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Armine Badikyan • Terra Trade, Inc