CA > Sun Valley
Sun Valley, CA 91352,11942 Allegheny ST
Sun Valley, CA 91352,11942 Allegheny ST
Sun Valley, CA 91352,11942 Allegheny ST
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Matthew Wenzel • Marcus & Millichap
$5,290,000
Est. payment /mo
1.14 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25266253

Lot Size 1.141 Acres

Property Sub-Type Other Residential Land

Source California Regional MLS

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

Location

State CA

County Los Angeles

Area Sunv - Sun Valley

Zoning LSR,LL,PRK,LV

Exterior

View Greenbelt

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 2631003014

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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