17424 Sherman Way Los Angeles, CA 91406
- Specialty properties
- 8,751 SF
- 0.92 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 17424 Sherman Way
- Year built
- 1956
- Lot size
- 0.92 lot acres
- Property size
- 8,751 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional 0.92-acre property at 17424 Sherman Way, Los Angeles, CA 91406, presents a unique investment opportunity. The site encompasses a ±8,751 square foot building currently operating as a private school serving pre-kindergarten through 8th grade. The property boasts an approved Conditional Use Permit (CUP) for a private school, allowing for up to 100 students in the existing facility (with minor improvements) and expansion potential to accommodate up to 232 students in a future 20,000 square foot building. The CUP includes approved vehicular access via Enadia Way (planned) and Andasol Avenue (existing). Conveniently located in the Lake Balboa neighborhood, this site offers easy access to major freeways (I-405 and Hwy-101), providing excellent connectivity to regional employment centers. While the CUP designates school use, the underlying zoning allows for various residential options. Built in 1956, this property (APN 2228-020-015) offers a rare chance to acquire an entitled private school site in Los Angeles. The existing building provides immediate income potential, while the expansion possibilities offer significant long-term growth. This is a truly exceptional opportunity for investors seeking a prime location and established educational use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.513
- Latitude
- 34.2008
