Northridge, CA 91325,18435 Napa ST
Northridge, CA 91325,18435 Napa ST
2
$710,000
$799,000
11.1%
Est.Price: ?

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6,969 Sqft Lot

18435 Napa ST Northridge, CA 91325

Est. payment /mo
SOLD DATE : 09/18/2019

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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

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California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • The 2-4 Unit Specialists
Bought with Irina Yakubchuk • The Agency

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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