20304 Saticoy St, Winnetka, CA 91306
- Retail space
- 1,860 SF
- 0.46 lot acres
Current Use by Public Records
- Retail space
Property Details for 20304 Saticoy St
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.46 lot acres
- Zone code
- LAC4
- Property type
- Retail space
- APN
- 2114-007-001
- APU
- 2114007001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 7, 2023 | — | Hee Kim Jung | Ho Kim Sun | Affidavit Of Death Of Joint Tenant | — |
Description
This exceptional 20,053 square foot commercial lot presents a remarkable development opportunity in the thriving Winnetka area of Los Angeles, California. Located at 20304 Saticoy Street, this property boasts a highly desirable corner location at the intersection of Saticoy Street and Oso Avenue. The 0.46-acre parcel is zoned C4, opening doors to a wide range of development possibilities, including residential or commercial projects. The 1,860 square foot building currently on the site offers potential for renovation or demolition to maximize the land's potential. This prime location offers unparalleled convenience and accessibility, situated near key areas such as Warner Center, Westfield Topanga, Porter Ranch, California State University, Northridge (CSUN), Ventura Boulevard, and West Hills. The property's strategic positioning within this vibrant community ensures strong potential for future growth and return on investment. This is a rare chance to acquire a significant piece of land in a high-demand area, priced attractively at land value, making it an exceptional investment opportunity for discerning developers and investors seeking a high-growth potential project. The asking price is $3,450,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $685,000
- 6.5%
- $635,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $401,000
Market price range: $86.6k - $537k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $815,000 Current use
- AUTO REPAIR, GARAGE
- $860,000 Change: +5% Conversion: Difficult
- MEDICAL BUILDING
- $845,000 Change: +4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Winnetka
- County
- Los Angeles
- State
- California
- Longitude
- -118.576
- Latitude
- 34.2079
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
