For more information regarding the value of a property, please contact us for a free consultation.
18435 Napa ST Northridge, CA 91325
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $710,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB19174787
Sold Date 09/18/19
HOA Y/N No
Lot Size 6,969 Sqft
Acres 0.16
Property Description
18435 Napa Street is a 6,750 square foot LACM lot located in Northridge that will be delivered 100% shovel ready for a warehouse development! The seller has already paid for permits, so this very profitable project is ready to go. This lot is located in a Green Zone, a huge benefit further discussed below.
The approved plans are for a 2 story warehouse facility with 4,600 square feet of parking on the ground level (with 2 floors above). The total square footage, including lobby, stairs, and garage is 12,878 square feet. The net square footage, not including lobby, stairs, and garage, is 7,496 square feet.
This sleek warehouse has a projected future re-sale value of $3,000,000-$3,200,000. Thanks to its “Green Zone” designation, the future building can be used for Cannabis purposes, including manufacturing, cultivation, distribution, testing and more! This is a HUGE benefit to the future owner of the completed project, as marijuana-related tenants have already expressed interest in renting the facility for $4-$5 per square foot! Either build and enjoy a tremendous return on your investment, or sell to buyers looking for a cash cow like this one! In addition to the cannabis route, this property has countless other possible uses: any light industrial, medical offices, computer/bit coin server farm, high-end storage (cars, art, wine, etc.), a testing facility, and much, much more!
Please contact listing agent for complete file that includes plans, permits, ect.
Location
State CA
County Los Angeles
Area Nr - Northridge
Zoning LACM
Interior
Fireplace No
Exterior
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description Level, Street Level, Value In Land
Water Public
New Construction No
Others
Senior Community No
Tax ID 2786005021
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to New Loan
Special Listing Condition Standard
Read Less
Bought with Irina Yakubchuk • The Agency