Property is being sold as a development opportunity to capitalize on the highest and best use of the property-Fantastic opportunity to build a 35’ tall 3-story up to an approximate 14,900+ SF office building in addition to a ground floor gated parking garage in Downtown Newhall convenient to restaurants and freeway access as well as all the other amenities the Newhall downtown district has to offer. As part of the Old Town Newhall Corridor Zone, Zoned SCSP this property allows for the maximum usage of the existing lot size with a 0’ set back to the rear of the building and as little as only 5’ on either side of the structure. This gives the maximum income possible to the owner. Lot includes addresses 24513, 24515 and 24519. Currently a multifamily structure with long term tenants occupy the property generating a reliable source of income while the project is in the planning process.
The income description goes here to explain
List Price | $1,550,000 |
Property Type | Other |
Usable Sqft | Unknown |
Number of Stories | 1 stories |
Parking Spots | 0 spots |
Year Built | 1954 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 2831005003 |
MLS # | SR24200703 |
Property ID | 320889189 |
Lot Sqft | 9,382 |
Zoning | Unknown |
Total Units | 2 |
Days on Market | 57 |
Original List Price | $1,550,000 |
Date Updated | October 02, 2024 |
Date Created | September 25, 2024 |
Financials not available online. Please inquire with your agent for more details.
Robert Haas an agent of Pinnacle Estate Properties, Inc.. Lic #01411713
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT