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Listed by Matthew Wenzel • Marcus & Millichap
$5,290,000
Est. payment /mo
49,681 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 49,681 sqft
Price per Sqft $106
MLS Listing ID CRPW25266253
HOA Y/N No
Lot Size 1.141 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
The subject property is a ±1.14 acre industrial yard located at 11942-11950 Allegheny Street in the city of Sun Valley. This site is composed of two individual parcels of land with APNs #2631-003-014 & 015. The site is located on Allegheny Street just a block south of San Fernando Road and less than a mile north of the I-5 freeway. The site is currently leased out to Best Trucking Services Inc. who has been a tenant since 2018. The term of their existing lease expires in February of 2028 at which time they will have one single remaining 5-year option. Best Trucking is currently paying $0.29 per square foot for the land at this time (gross lease), however the 5-year option lease rate will be at “Prevailing Market Rates†which is going to be an increase if they decide to stay. There are two small houses on the property which can be used as offices. The houses are 1,150 square feet and 720 square feet and they were built in 1947. There is also a newer 900 square foot structure on site that is used as a garage. This property is flat and rectangular in shape with 150' of frontage along Allegheny Street and a depth of 331'. The site is fully fenced and has two gated entry points along Allegheny Street. Zoning on this site is [T][Q] M1-1-CUGU which is a Limited Industrial zoning cl
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View Park/Greenbelt
Building
Lot Description Level
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