16116 Saticoy St
Van Nuys, CA 91406

Residential Income/Sold for $1,111,111

Overview

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!


Details

Structure:1,636 SqFt.

Lot:7,872 SqFt.

Type:Residential Income

Status:Sold

Charlie Kachian

DRE 01987652
213.610.5626 / direct
818.246.1099 / office
[email protected] / email
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