Back 14419 Riverside Dr
Off Market

14419 Riverside Dr

Los Angeles CA 91423

12998 sq. ft.
Land
Last sold for $2,050,000
Filip NiculeteFilip Niculete, last sold this property on 16 January 2019 after -156 days on market.

Overview

We are pleased to present 14419 W Riverside Drive, a high profile 12-unit "RTI" development opportunity in prime Sherman Oaks, CA. The property is comprised of approximately 0.30 acres (12,998 SF) lot area zoned RD1.5. The offering currently has entitlements for a 3-story 12-unit apartment building consisting of (4) 1 + 1 units, (6) 2 + 2 units, and (2) 3 + 2 units. The proposed gross building area totals 16,508 square feet. 14419 W Riverside Drive is ideally located in the epicenter of the South San Fernando Valley, which boasts high-profile demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential. Centrally located just north of the Ventura (101) Freeway, and conveniently positioned in the center of a broad range of employment and retail options, 14419 W Riverside Drive is surrounded by high-end neighborhoods, two of the most sought-after shopping center

Features

12998 sq. ft. lot size
Land

Estimated Value

We need at least 3 similar land plots sold in Los Angeles over the last 12 months.

Property history for 14419 Riverside Dr

2019
Sold
$2,050,000
16 Jan 2019 by Filip Niculete, of Marcus & Millichap

Happy sellers in Los Angeles

87%
87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

In the last 12 months, 1 land similar to 14419 Riverside Dr, have been sold.

This represents a 67% increase in land plots sales when compared to the previous 12 months.

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