Multi-Family
14620 Moorpark St
14620 Moorpark St, Los Angeles, CA 91403
Listing Price: $5,000,000
Investment Overview
14620 Moorpark St is an exceptional development opportunity in the sought-after Sherman Oaks, Los Angeles. The neighborhood is renowned for its luxurious high-end single-family homes and luxurious apartments. Sherman Oaks offers first-class amenities, including a top-rated public school system, a host of restaurants, bars, markets, and entertainment options. Additionally, the property’s strategic location provides access to some of the popular retail locations on Ventura Blvd, including Whole Foods Market, Pavilions, and Sephora. The neighborhood’s walking score of 83 highlights the ease of walking around and enjoying the community. 14620 Moorpark St comprises three parcels with over 150 feet of frontage on Moorpark St. The site’s existing zoning of R3P-1 with a Tier 3 Transit Oriented Designation provides a unique opportunity for investors and developers. The property’s rare on-grade parking is a significant benefit to the adjacent retail assemblage, which is rare. The location is also advantageous, providing easy access to transit options, Van Nuys Blvd and freeways 405 and 101, making it convenient for commuters joining the workplace at local employers such as Universal Studios Hollywood or Warner Bros Studios.
14620 Moorpark St
Investment Highlights
- Marcus & Millichap is pleased to present a rare residential development opportunity at 14620 Moorpark St in Sherman Oaks
- The site consists of three parcels totaling 19,140 SF zoned {Q}R3P-1 in a Tier 3 TOC; there are four residential units existing on the property
- Opportunity to build 25 units by-right or up to 71 units by utilizing the density bonus incentives
- Located in a prime retail corridor just north of Ventura Blvd and surrounded by amenities such as Whole Foods, Gelson's, and many restaurants
- Affluent neighborhood with an average household income of $128,575 within a one-mile radius; significant affordability gap between owning and renting with a median home value of $971,726 within two miles of the subject property
- Central location with easy access to both the 405 & 101 Freeways; there are also seven Metro Local Lines within walking distance to the subject property along Ventura Blvd & Van Nuys Blvd to commute throughout the Valley and Los Angeles
Exclusively Listed By
Financing By
Listing Price: $5,000,000
Investment Highlights
- Marcus & Millichap is pleased to present a rare residential development opportunity at 14620 Moorpark St in Sherman Oaks
- The site consists of three parcels totaling 19,140 SF zoned {Q}R3P-1 in a Tier 3 TOC; there are four residential units existing on the property
- Opportunity to build 25 units by-right or up to 71 units by utilizing the density bonus incentives
- Located in a prime retail corridor just north of Ventura Blvd and surrounded by amenities such as Whole Foods, Gelson's, and many restaurants
- Affluent neighborhood with an average household income of $128,575 within a one-mile radius; significant affordability gap between owning and renting with a median home value of $971,726 within two miles of the subject property
- Central location with easy access to both the 405 & 101 Freeways; there are also seven Metro Local Lines within walking distance to the subject property along Ventura Blvd & Van Nuys Blvd to commute throughout the Valley and Los Angeles
Investment Overview
14620 Moorpark St is an exceptional development opportunity in the sought-after Sherman Oaks, Los Angeles. The neighborhood is renowned for its luxurious high-end single-family homes and luxurious apartments. Sherman Oaks offers first-class amenities, including a top-rated public school system, a host of restaurants, bars, markets, and entertainment options. Additionally, the property’s strategic location provides access to some of the popular retail locations on Ventura Blvd, including Whole Foods Market, Pavilions, and Sephora. The neighborhood’s walking score of 83 highlights the ease of walking around and enjoying the community. 14620 Moorpark St comprises three parcels with over 150 feet of frontage on Moorpark St. The site’s existing zoning of R3P-1 with a Tier 3 Transit Oriented Designation provides a unique opportunity for investors and developers. The property’s rare on-grade parking is a significant benefit to the adjacent retail assemblage, which is rare. The location is also advantageous, providing easy access to transit options, Van Nuys Blvd and freeways 405 and 101, making it convenient for commuters joining the workplace at local employers such as Universal Studios Hollywood or Warner Bros Studios.
Exclusively Listed By
Financing By
