11958 Allegheny St - Residential LAND FOR SALE


Sun Valley, CA 91352 49,658 SF
$5,210,000 USD
949-419-3205
11958 Allegheny St, Sun Valley, CA for Sale
$5,210,000 USD
Residential LAND - FOR SALE
1/13
49,658 SF

11958 Allegheny St
Sun Valley, CA 91352


HIGHLIGHTS

  • 1.14 Acres - Flat and Rectangular Residential Development Site located in Sun Valley
  • Zoning is RD3 & RA, General Plan Land Use is Low Medium Residential
  • Current Tenant on a Month-to-Month Basis, Property Can Be Delivered Vacant
  • Site is located a block south of San Fernando Road and less than a mile north of the I-5 Freeway
  • Directly adjacent to multi-family development, across the street from a new Public Park and Charter School

OVERVIEW

Marcus & Millichap is pleased to offer for sale ±1.14 acres of residential land located at 11958-11964 Allegheny Street in the city of Sun Valley. This site is composed of two individual parcels of land with APNs #2631-004-001 & 002. The site is located on Allegheny Street just a block south of San Fernando Road and less than a mile north of the I-5 freeway. Zoning on this site is split with the 11964 Allegheny parcel zoned [T] [Q] RD3-1-CUGU (Restricted Density Multiple Dwelling) and the 11958 Allegheny parcel zoned RA-1-CUGU (Suburban Residential). The General Plan Land Use for both parcels is Low Medium I Residential. This property is flat and rectangular in shape with 150’ of frontage along Allegheny Street and a depth of 331'. All utilities are on site. The site is fully fenced and has two gated entry points along Allegheny Street. There are two small houses on the site, both built in 1947. The site is currently leased out to Best Trucking Services Inc. who has been a tenant since 2018. This tenant is on a month-to-month basis and the property can be delivered vacant. The subject property is adjacent to a group of small to mid-sized multifamily buildings to the south along Allegheny Street, and industrial development to the north and to the east. Directly across the street from the property is Allegheny Park which is a new 1-acre city public park, and the Alliance 6-12 Charter Public School. This site is just minutes from Burbank, Studio City, North Hollywood and the city of Los Angeles and benefits from its close proximity to the I-5 freeway.

FOR SALE DETAILS

PRICE

$5,210,000 USD

PRICE/ACRE

$4,570,212/AC

PRICE/SF

$105 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

1.14 Acre Residential Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Subsdzd

LAND ACRES

1.14 AC

LAND SF

49,658 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

RD3-1 & RA-1

APN/PARCEL ID

2631-004-001,2631-004-002

ASK ABOUT THIS PROPERTY

Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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Matthew WenzelMarcus & MillichapMore Info
949-419-3205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.