*MAJOR PRICE REDUCTION* Welcome to your new business venture! This prime commercial property is located in the bustling neighborhood of Chatsworth, CA, with a 7-Eleven next door and a huge retail center with many national brands like Starbucks and Jack in the Box across the street. With its high visibility… Read More and heavy foot traffic, this property is the perfect place for an investor or developer. The property features 720 square feet of building space, 500 square feet of permitted outdoor space, and an impressive 8768 square feet of lot, providing ample room for a variety of commercial uses. Additionally, the property comes with 16 parking spaces, ensuring that your customers will always have a convenient place to park.For developers, the lot is zoned LAC1 which allows for 10 units by right. It is also has a land use for fast food restaurant and drive thru with an alley abutting the lot line. If a residential development does not work, then a NNN commercial development would be perfect for an investor looking for a low risk investment. For investors, this property is an excellent opportunity to generate passive income. Currently, there is a lease in place for $6,180 a month, providing a steady stream of cash flow from day one. Whether you're starting a new business or developing the property, this property offers endless possibilities. It's suitable for a wide range of businesses, including retail, residential, or other commercial developments. With a little bit of creativity, you can turn this location into the business of your dreams. Overall, this property offers an incredible opportunity to own a piece of Chatsworth's thriving commercial scene. Don't miss out on the chance to make your business dreams a reality! Read Less
Courtesy of Keller Williams Los Angeles 562-334-1500
Listing Snapshot
Days Online
210
Last Updated
Property Type
Other
Lot Size
0.2 Acres
Year Built
1975
MLS Number
25594737
30 Days Snapshot Of 91311
$914k
-2%
(avg) sold price
5
0%
homes sold
97
+64%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
720 sq ft, Built in 1975
Disclosures
As Is
Lot
LotAcreage: 0.2013, LotSizeArea: 8,768, LotSizeDimensions: 134 x 67
Parking
TotalParking: 16
Property
NumberOfUnits: 1, Zoning: LAC1
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