Property Overview:
-Frontage: Approximately 150 feet along the busy North San Fernando Rd corridor.
-Land Size: 33,052 sf (0.77 ac) industrial land property.
-Building Improvements: approx 2,000 SF of building improvements.
-Current Occupancy: Occupied by towing company on Month-to-Month lease, terminable with 60 days' notice.
-Permit: "Grandfathered" permit for Automotive Use, which is an extremely rare opportunity for a paved and rectangular industrial lot.
-Potential Uses: Ideal for Automotive Uses (Sales and Service, Towing Yard, Parking), creative office, or warehouse redevelopment.
-Access: 3-sided Access to N San Ferndando Rd., Frederick St., and Cypress Ave.
Location Highlights:
-Located in Glassell Park, abutting the Los Angeles River.
-Area is currently undergoing significant revitalization.
-Excellent transit choices for employees with public transit, commuter rail, and proximity to three major freeways (Hwy 5, 2, & 110).
-Traffic Count: 30,000+ cars a day travel on San Fernando Road.
-Population (5-Mile Radius): Strong population of 991,613.
-Average Household Income (5-Mile Radius): $88,054.
-Located in an Opportunity Zone.
-APN: 544-200-4014
-Zoning: [Q]MR1-1-CDO-RIO