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    8950 Laurel Canyon Boulevard

    Sun Valley, CA 91352
    • $3,950,000
    • STATUS: Active
    • ON SITE: 133 days
    • ID#: AR20145382
    UPDATED: 16 min ago
    $3,950,000
    • 0
      BEDS
    • 0.86
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    This is a fabulous opportunity to develop 90-120 apartment units, mixed use, retail, restaurant, or a multitude of other things. Conveniently located adjacent to the juncture of the Golden State and Hollywood freeways on the corner of Sheldon. This large corner 37,269 square foot parcel has approximately 210 ft of frontage on Laurel Canyon and 130 ft frontage on Sheldon. The property consists of two parcels, one zoned C-2 and the other is zoned A-1. The master plan for the area is C-2, according to the planning department a zone change to C-2 should be no problem. There is currently a 8,515 square foot restaurant on the property that the owner has been operating for 40 years. If so desired, purchase price shall include the restaurant business and fixtures, everything but the liquor license which can be purchased separately.Please do not go on the property, the restaurant personnel do not know the property is for sale.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T11:28:00.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/108130034
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    8950 Laurel Canyon Boulevard Sun Valley, CA 91352

    • Price: $3,950,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: AR20145382
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.86
    Acres
    Neighborhood:
    SUNV - Sun Valley
    County:
    Los Angeles
    Area:
    SUNV - Sun Valley
    Property Description
    This is a fabulous opportunity to develop 90-120 apartment units, mixed use, retail, restaurant, or a multitude of other things. Conveniently located adjacent to the juncture of the Golden State and Hollywood freeways on the corner of Sheldon. This large corner 37,269 square foot parcel has approximately 210 ft of frontage on Laurel Canyon and 130 ft frontage on Sheldon. The property consists of two parcels, one zoned C-2 and the other is zoned A-1. The master plan for the area is C-2, according to the planning department a zone change to C-2 should be no problem. There is currently a 8,515 square foot restaurant on the property that the owner has been operating for 40 years. If so desired, purchase price shall include the restaurant business and fixtures, everything but the liquor license which can be purchased separately.Please do not go on the property, the restaurant personnel do not know the property is for sale.
    Exterior Features

    Fencing Block Lot Features 0-1 Unit/AcreCorner LotLevel With StreetLot 20000-39999 Sqft Lot Size Dimensions irregular Lot Size Source Assessor Lot Size Units Square Feet Road Frontage Type City Street Road Surface Type Paved Topography Flat View None View YN No

    Property Features

    Additional Parcels Description 2629019019 Additional Parcels YN Yes Association Fee 0.00 Association YN No Community Features SidewalksStreet Lights Country Us Current Financing Conventional Current Use Comments There is A 8550 Sqft Restaurant That Was Built... Distance To Bus Comments in Front Distance To Electric Comments On Property Distance To Freeway Comments 1 Block Distance To Gas Comments On Property Distance To Phone Service Comments On Property Distance To Sewer Comments On Property Distance To Shopping Comments Next Door Distance To Water Comments On Property Elevation Units Feet Improvements 950225 Improvements Percent 89.00 Ingress Egress On Laurel Canyon Land Lease YN No Land Value 119286 Land Value Percent 11.00 New Construction YN No Possible Use Comments Multi-FamilyGrocery StoreRestaurantMixed Use Etc. Great Development Potential For High Density Multi-Family Project. Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 1069511.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Water Well YN No Zoning Lac2

    Listing provided courtesy of Gary Lorenzini of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T11:28:00.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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