LAND/DEVELOPMENT SITE FOR SALE

Transcription

1 PROPERTY HIGHLIGHTS AREA A 41,944 square foot parcel comprised of four separate lots with 3 different zoning designations. Improvements include a 3,626 square foot commercial/retail building on Glenoaks Boulevard and a 982 square foot single family residence on a 15,846 square foot R1 parcel on Wheatland Avenue. PRICE $2,750,000 ($65.56 per square foot of land) YEAR BUILT 8479 Glenoaks Boulevard (1961); 8412 Wheatland Avenue (1940) ZONING 8479 Glenoaks Boulevard, APN (C2 1VL); 8412 Wheatland Avenue, APN (R1P 1VL), APN (PV 1VL), APN (C2 1VL) DESCRIPTION The site is a 41,944 square foot parcel comprised of four separate parcels with 3 different zoning designations. APN and 033 front Glenoaks Boulevard and include a 3,626 square foot commercial building used as a restaurant and delicatessen (Lucchese Italian Deli) and a 4,265 square foot parking lot serving the commercial building. The commercial building is built out for restaurant use with restaurant fixtures and equipment and a commercial kitchen. APN , a 12,225 square foot parcel fronting Wheatland Avenue, is adjacent to the commercial building and also provides parking. APN is a 15,846 square foot lot zoned for single family residential with a 982 square foot residential structure. TENANTS The residence is occupied on a month to month basis. The commercial building is not being used as a restaurant at this time. The owner is operating a catering business from the commercial kitchen. The property can be delivered vacant. PARKING The 4,265 square foot parcel used for parking adjacent to the commercial building on Glenoaks Boulevard is striped for 14 parking spaces (3.86:1,000 square feet of building). The 12,225 square foot parcel adjacent to the commercial building is zoned for parking but not striped. Gino Gaudio x 64 Gino@StevensonRealEstate.com BRE #: The information together with any projections or other data has been furnished from sources, which we deem reliable, but for which we assume no liability, expressed or implied. Interested parties to conduct independent investigation of all information. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 Glendale, CA P F BRE #:

2 LAND/DEVELOPMENT SITE FOR SALE PROPERTY PHOTOS

3 PARCEL MAP

4 LAND/DEVELOPMENT SITE FOR SALE ZONING MAP

5 ZONING DESCRIPTION The subject property has three zones according to the matrix below: 8479 Glenoaks Boulevard and 8412 Wheatland Avenue, Sun Valley Zoning Matrix APN Address Bldg. SF Land SF Use Zoning ,225 Parking Lot PV 1VL Wheatland ,846 Residence R1P 1VL Glenoaks 3,626 9,608 Commercial Building C2 1VL ,265 Parking Lot C2 1VL Total Building SF 4,608 41,944 The current zoning restrictions are contained in the City of Los Angeles Planning and Zoning Code as follows: Section R1 ONE FAMILY ZONE Section C2 COMMERCIAL ZONE Section P AUTOMOBILE PARKING ZONE Please refer directly to the text of these sections for a full description of the current zoning restrictions. ENTERPRISE ZONES The subject property is also within a designated Enterprise Zone (EZ). Enterprise Zones in the City of Los Angeles are defined as: EZs are specific geographic areas designated by City Council resolution, and have received approval from the California Department of Commerce under either the Enterprise Zone Act Program or Employment And Economic Incentive Act Program. The Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. EZs have special provisions for parking standards and height provisions possibly applicable to the subject property. Please consult the City of Los Angeles for confirmation as to the applicability of any EZ provisions to this site. The EZ provisions are described in the Los Angeles Planning and Zoning Code under the following sections: ZI NO Enterprise Zone/Employment and Economic Incentive Program Area (EZ) Shown as State Enterprise Zone on ZIMAS) Section 12.21A4(x)(3) Section HEIGHT OF BUILDINGS OR STRUCTIURES IN ENTERPRISE ZONES

6 AERIAL MAP

7 AERIAL MAP Gino Gaudio x 64 Gino@StevensonRealEstate.com BRE #: The information together with any projections or other data has been furnished from sources, which we deem reliable, but for which we assume no liability, expressed or implied. Interested parties to conduct independent investigation of all information. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 Glendale, CA P F BRE #:

8 STREET MAP 8479 Glenoaks Blvd. & 8412 Wheatland Ave. Gino Gaudio x 64 Gino@StevensonRealEstate.com BRE #: The information together with any projections or other data has been furnished from sources, which we deem reliable, but for which we assume no liability, expressed or implied. Interested parties to conduct independent investigation of all information. Stevenson Real Estate Services 1111 North Brand Boulevard, Suite 200 Glendale, CA P F BRE #: