• 37,269 sq.ft. lot
offered at $3,950,000
Status: Active // Property Type:
County: Los Angeles

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.

Listing Courtesy of Gary Lorenzini, Coldwell Banker Realty Arcadia

Exterior Features

Exterior Features: Sidewalks, Street Lights
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of July 22, 2020. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.