16116 Saticoy St
Van Nuys, CA 91406
Sold for $1,111,111
Beds: 4 Baths: 2 Structure Size: 1,636 sqft Lot Size: 7,872 sqft
| MLS | GD22258679 |
| Year Built | 1950 |
| Property Type | Residential Income |
| Property Subtype | MultiFamily |
| County | Los Angeles |
| Status | Sold |
| Sold | $1,111,111 |
| Structure Size | 1,636 sqft |
| Lot Size | 7,872 sqft |
| Beds | 4 |
| Baths | 2 |
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!
Listing information courtesy of: Charlie Kachian, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 12/26/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Location
Listed By
DRE #01873088
.png){kind=small}