Multi-Family

8405 Glenoaks Blvd

8405 Glenoaks Blvd, Los Angeles, CA 91352

Listing Price: $2,000,000

Lot Size
0.35 acres
Price/Acre
$5,703,437
Land Type
Redevelopment

Investment Overview

A rare Shovel Ready 19-unit multifamily development opportunity in Sun Valley, CA. The development will consist of an on-grade parking structure with 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 Bathroom units spread across three residential floors. The opportunity provides a buyer the ability to immediately begin construction upon close of escrow. Marcus and Millichap is pleased to present 8405 Glenoaks Boulevard, a unique fully entitled (shovel ready) 19-unit development opportunity in Sun Valley, CA. The opportunity consists of 15,275 square feet of vacant land zoned LAR3. The property will be delivered as a shovel ready 19 unit apartment development located in the Sun Valley submarket of the San Fernando Valley. This opportunity provides a buyer the ability to immediately begin construction upon close of escrow and/or purchase with a construction loan. The existing rent controlled four unit structure on site has already been demolished and tenant relocation fees have been paid in full. All permits have been issued and paid. The development consists of an on-grade parking structure with 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 Bathroom units spread across three residential floors. There are no significant off-site improvements, flat topography and on-grade construction should make this a very cost effective build. The project will be completely comprised of market rate units and will be subject to the Rent Stabilization Ordinance (RSO). 8405 Glenoaks Boulevard, is ideally located just north of the 5 freeway, providing future residents with convenient access to Burbank, Downtown Los Angeles, Glendale and Pasadena.

Investment Highlights

  • 19 unit multifamily project
  • Vacant land - previous has been demolished
  • 15,275 square feet of land zoned LAR3

Exclusively Listed By

Listing Price: $2,000,000

Lot Size
0.35 acres
Price/Acre
$5,703,437
Land Type
Redevelopment

Investment Highlights

  • 19 unit multifamily project
  • Vacant land - previous has been demolished
  • 15,275 square feet of land zoned LAR3

Investment Overview

A rare Shovel Ready 19-unit multifamily development opportunity in Sun Valley, CA. The development will consist of an on-grade parking structure with 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 Bathroom units spread across three residential floors. The opportunity provides a buyer the ability to immediately begin construction upon close of escrow. Marcus and Millichap is pleased to present 8405 Glenoaks Boulevard, a unique fully entitled (shovel ready) 19-unit development opportunity in Sun Valley, CA. The opportunity consists of 15,275 square feet of vacant land zoned LAR3. The property will be delivered as a shovel ready 19 unit apartment development located in the Sun Valley submarket of the San Fernando Valley. This opportunity provides a buyer the ability to immediately begin construction upon close of escrow and/or purchase with a construction loan. The existing rent controlled four unit structure on site has already been demolished and tenant relocation fees have been paid in full. All permits have been issued and paid. The development consists of an on-grade parking structure with 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 Bathroom units spread across three residential floors. There are no significant off-site improvements, flat topography and on-grade construction should make this a very cost effective build. The project will be completely comprised of market rate units and will be subject to the Rent Stabilization Ordinance (RSO). 8405 Glenoaks Boulevard, is ideally located just north of the 5 freeway, providing future residents with convenient access to Burbank, Downtown Los Angeles, Glendale and Pasadena.

Exclusively Listed By

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