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$1,550,000
Est. payment /mo
9,382 Sqft Lot
UPDATED:
10/02/2024 05:47 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24200703
HOA Y/N No
Year Built 1954
Lot Size 9,382 Sqft
Property Description
Property is being sold as a development opportunity to capitalize on the highest and best use of the property-Fantastic opportunity to build a 35’ tall 3-story up to an approximate 14,900+ SF office building in addition to a ground floor gated parking garage in Downtown Newhall convenient to restaurants and freeway access as well as all the other amenities the Newhall downtown district has to offer. As part of the Old Town Newhall Corridor Zone, Zoned SCSP this property allows for the maximum usage of the existing lot size with a 0’ set back to the rear of the building and as little as only 5’ on either side of the structure. This gives the maximum income possible to the owner. Lot includes addresses 24513, 24515 and 24519. Currently a multifamily structure with long term tenants occupy the property generating a reliable source of income while the project is in the planning process.
Location
State CA
County Los Angeles
Area Dnew - Downtown Newhall
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 2831005003
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Robert Haas • Pinnacle Estate Properties, Inc. • 661-505-3708
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