This exceptional 13,169 square foot commercial land parcel presents a remarkable investment opportunity in Los Angeles, California. Located at 11003 Moorpark St, 91602, this fee simple property boasts a highly desirable location at a busy signalized intersection experiencing daily traffic counts exceeding 76,000 vehicles. The C2-1VL-RIO zoning permits a wide range of uses, including but not limited to automotive, fast food, medical and urgent care facilities, and multi-family residential development. Currently vacant, the site offers significant potential for immediate development. Existing documentation includes building permits for a 31-unit multi-family condo project, although the property is being offered as-is. The property's strategic location near the convergence of freeways 101, 134, and 170 provides unparalleled access and visibility, making it an ideal site for a variety of commercial ventures. The asking price is $3,499,000. Detailed information, including a marketing brochure outlining permitted uses, is available upon request. APN: 2423-010-013.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$517,873
6.5%
$478,037
7%
$443,891
Comparable approach
Method
Valuation
Relative Method
$583,190
Geo Method
$583,190
Alternative Use
Use
Valuation
Residential
$403,242
Hospitality
$369,367
Educational
$307,309
Medical
$317,878
Retail
$478,037
Location Insight
City
North Hollywood
County
Los Angeles
State
California
Latitude
34.1506
Longitude
-118.371
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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