11958 Allegheny St - 1.14 Acre Residential Development Site 1.14 Acres of Residential Land Offered at $7,175,785 CAD in Sun Valley, CA 91352

Marcus & Millichap is pleased to offer for sale ±1.14 acres of residential land located at 11958-11964 Allegheny Street in the city of Sun Valley. This site is composed of two individual parcels of land with APNs #2631-004-001 & 002. 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.
Zoning on this site is split with the 11964 Allegheny parcel zoned [T] [Q] RD3-1-CUGU (Restricted Density Multiple Dwelling) and the 11958 Allegheny parcel zoned RA-1-CUGU (Suburban Residential). The General Plan Land Use for both parcels is Low Medium I Residential.
This property is flat and rectangular in shape with 150’ of frontage along Allegheny Street and a depth of 331'. All utilities are on site. The site is fully fenced and has two gated entry points along Allegheny Street. There are two small houses on the site, both built in 1947.
The site is currently leased out to Best Trucking Services Inc. who has been a tenant since 2018. This tenant is on a month-to-month basis and the property can be delivered vacant.
The subject property is adjacent to a group of small to mid-sized multifamily buildings to the south along Allegheny Street, and industrial development to the north and to the east. Directly across the street from the property is Allegheny Park which is a new 1-acre city public park, and the Alliance 6-12 Charter Public School. This site is just minutes from Burbank, Studio City, North Hollywood and the city of Los Angeles and benefits from its close proximity to the I-5 freeway.