16116 Saticoy Street, Lake Balboa, CA 91406

About this duplex

Investors wanted! Great opportunity in Lake Balboa just across from the Van Nuys Airport! The possibilities are endless with this multi-family duplex that is in LAMR1 zoning allowing for commercial use C2 or light manufacturing M1, as well as legal cannabis zoning. Property was previously used as a legal cannabis manufacturing and packaging business. A large, gated parking lot with space for 6+ cars, and at the back of the property is a spacious duplex totaling 1,636 sqft. Each unit features 2-bedrooms, 1-bathroom, and separate gas and electric meters. The property has a total of 2 gas meters and 3 electric meters. Keep the same layout or re-develop for an office building, warehouse, manufacturing, or even residential units. Additional parking can be found in front of the automated gate. The property is spacious 7,872 sqft and has so much potential. Do not miss out!

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$1,111,111

Sold February 2023 · listed $855,000, on market January 2023 · MLS #GD22258679 · Source: CRMLS

Listing Agent: Charlie Kachian · Listing Office: JohnHart Real Estate · Contact: 213-610-5626 · Bought with: Armine Badikyan · Terra Trade, Inc

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