14419 RIVERSIDE, Sherman Oaks, CA 91423

$2,500,000
List Price
$2,500,000
Days on Market
6
Status
ACTIVE
MLS#
18405778
Lot Size (Acres)
0.3

Property Description

We are pleased to present 14419 W Riverside Drive, a high profile 12-unit "RTI" development opportunity in prime Sherman Oaks, CA. The property is comprised of approximately 0.30 acres (12,998 SF) lot area zoned RD1.5. The offering currently has entitlements for a 3-story 12-unit apartment building consisting of (4) 1 + 1 units, (6) 2 + 2 units, and (2) 3 + 2 units. The proposed gross building area totals 16,508 square feet. 14419 W Riverside Drive is ideally located in the epicenter of the South San Fernando Valley, which boasts high-profile demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential. Centrally located just north of the Ventura (101) Freeway, and conveniently positioned in the center of a broad range of employment and retail options, 14419 W Riverside Drive is surrounded by high-end neighborhoods, two of the most sought-after shopping center

Additional Information

Area
Sherman Oaks (So)
View
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Courtesy of Marcus & Millichap, Filip Niculete - CA BRE#01905352

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