Lake Balboa, CA 91406,16116 Saticoy ST
Lake Balboa, CA 91406,16116 Saticoy ST
Lake Balboa, CA 91406,16116 Saticoy ST
Lake Balboa, CA 91406,16116 Saticoy ST
Lake Balboa, CA 91406,16116 Saticoy ST
Lake Balboa, CA 91406,16116 Saticoy ST
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$1,111,111

$855,000

30.0%
Est.Price: ?

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Est. payment /mo

7,871 Sqft Lot


SOLD DATE : 02/07/2023

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

Garage Asphalt, Driveway, Private, RV Potential, RV Access/Parking, One Space

Fence Block, Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

Parking Type Asphalt, Driveway, Private, RV Potential, RV Access/Parking, One Space

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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California Regional MLS (CRMLS)
Listed by Charlie Kachian • JohnHart Real Estate • 213-610-5626
Bought with Armine Badikyan • Terra Trade, Inc
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6201 E Bayshore Walk, Beach, CA, 90804, USA

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