Multi-Family

City Views @ Devonshire

21323-21329 Devonshire St, Chatsworth, CA 91311

Listing Price: $3,000,000

Lot Size
0.64 acres
Price/Acre
$4,723,658
Land Type
Land
Buildable Square Feet
76,078

Investment Overview

Marcus & Millichap is pleased to present a unique opportunity to acquire a 27,665 square feet of C2 land, with a TOC Tier 1 designation, strategically located in Chatsworth (Los Angeles), California. The site benefits from excellent essential-use retail synergy, strong demographics and close proximity to the Los Angeles Metro Orange line making it a candidate for Transit Oriented Development. Immediate demographics with approximately 103,048 people in a three mile radius with an average household income of approximately $118,037. Located north of robust industrial hub and on busy retail /hospitality corridor of Devonshire Street near tenants such as: Ralphs, Anytime Fitness, VCA Hospital, Travelodge, Ramada by Wyndham, Radisson Hotels, O’Reilly Auto Parts, Walgreens, McDonalds, Marriot, Starbucks Bank of the West, Burger King.

Investment Highlights

  • Located North of Robust Industrial Hub and on Busy Retail /Hospitality Corridor of Devonshire Street Near Tenants such as: Ralphs, Anytime Fitness, VCA Hospital, Travelodge, Ramada by Wyndham, Radisson Hotels, O'Reilly Auto Parts, Walgreens, McDonalds, Marriot, Starbucks Bank of the West, Burger King
  • Well Located Parcel Near Los Angeles Metro Orange Line – TOC Tier 1
  • Excellent Development with Potential to Build Up to 104 Units (See Financial Section For a Proposed 88 Unit Development)
  • Efficient Rectangular Lot with 120 Feet of Frontage
  • Caddy Corner to High Traffic Intersection with Over 80,000 Cars Per Day
  • Strong Immediate Demographics with Approximately 103,048 People in a Three Mile Radius with an Average Household Income of Approximately $118,037

Exclusively Listed By

Listing Price: $3,000,000

Lot Size
0.64 acres
Price/Acre
$4,723,658
Land Type
Land
Buildable Square Feet
76,078

Investment Highlights

  • Located North of Robust Industrial Hub and on Busy Retail /Hospitality Corridor of Devonshire Street Near Tenants such as: Ralphs, Anytime Fitness, VCA Hospital, Travelodge, Ramada by Wyndham, Radisson Hotels, O'Reilly Auto Parts, Walgreens, McDonalds, Marriot, Starbucks Bank of the West, Burger King
  • Well Located Parcel Near Los Angeles Metro Orange Line – TOC Tier 1
  • Excellent Development with Potential to Build Up to 104 Units (See Financial Section For a Proposed 88 Unit Development)
  • Efficient Rectangular Lot with 120 Feet of Frontage
  • Caddy Corner to High Traffic Intersection with Over 80,000 Cars Per Day
  • Strong Immediate Demographics with Approximately 103,048 People in a Three Mile Radius with an Average Household Income of Approximately $118,037

Investment Overview

Marcus & Millichap is pleased to present a unique opportunity to acquire a 27,665 square feet of C2 land, with a TOC Tier 1 designation, strategically located in Chatsworth (Los Angeles), California. The site benefits from excellent essential-use retail synergy, strong demographics and close proximity to the Los Angeles Metro Orange line making it a candidate for Transit Oriented Development. Immediate demographics with approximately 103,048 people in a three mile radius with an average household income of approximately $118,037. Located north of robust industrial hub and on busy retail /hospitality corridor of Devonshire Street near tenants such as: Ralphs, Anytime Fitness, VCA Hospital, Travelodge, Ramada by Wyndham, Radisson Hotels, O’Reilly Auto Parts, Walgreens, McDonalds, Marriot, Starbucks Bank of the West, Burger King.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower