Property Listing No Longer Available for Sale

8587 Fenwick Street, Sunland, CA

Office for Sale - $2,750,000 - 9,320 Sq. Ft. on 0.53 acres


Property Info

CIMLS#904549
Location
  8587 Fenwick Street
  Sunland CA 91040
UpdatedJune 15th, 2016
TypeOffice
Price$2,750,000
Building9,320 Sq. Ft.
Land0.53 acres

Property Description

The property consists of a 9,320 square foot office/industrial flex building situated on a 23,100 square foot C1 lot. The building is located across from the Sunland Park and Recreation Center. The US Post Office has been the sole and primary tenant since 1967. Their lease expires on September 30, 2016. The property would be ideal for an owner/user. However, given its C1 zoning a developer could build up to 28 units on the site with an addition 10 units with a density bonus. Additionally, the adjacent site also zoned C1, could accommodate and additional 11 units with another 4 units with density bonus allowing a developer to build up to 54 units.

Location Description:

Sunland-Tujunga is a neighborhood of the city of Los Angeles located by the foothills of the San Gabriel Mountains in the Crescenta Valley. Though Sunland and Tujunga began as separate settlements, they are today linked through a single police station, branch library, neighborhood council, chamber of commerce, City Council district, and high school and various civic organizations. The merging of these communities under a hyphenated name goes back as far as 1928.

Highlights:

>> Rare Vacant Building With More Than 9,000 Square Feet of Usable Space

>> Gated 4/1000 Parking

>> Large C1 Lot

>> Potential Multiamily Development Opportunity

>> Available Adjacent 9,288 Square Foot Parcel

* Email for additional photos


Financials

Sales Info:

>> Commision split: 1.5%


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