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11437 Riverside Drive, Valley, CA 91602

4 Bed, 2 Bath Multi-Family Home For Sale

11437 Riverside Drive, Valley, CA 91602 House For Sale - MLS #SR18274210
Off the Market
$795,000
4
2
Multi-Family
2 Family
This listing is courtesy of Neil Klemow from Pinnacle Estate Properties, In.

Property Description for 11437 Riverside Drive, Valley, CA 91602

Unique multi-unit property - First time on the market in 15 years - Large flat corner lot near the new NoHo business district - Close to the 170 Freeway and Valley Village Park - Close to churches and synagogues - Close to everything*** ***LAR3 zoning use code where multi dwelling housing is appropriate and encouraged (Multi-Family Residential) - Remodel - Buy to rent - Build to sell - 8 Units - 2 immediately available for rental*** ***Duplex houses may be upgraded to satisfy city requirements or can be used for other purposes*** ***Has an additional separate structure used as a private secluded office*** ***A smart Owner/User may live in one of the houses, collecting rent from the other unit while permitting the 3rd unit. The history of the property demonstrates that the income can be substantial*** ***The smart buyer/investor can rent all 3 units while waiting for plans to be approved to build 8 or more units*****The R-3 HIGH DENSITY RESIDENTIAL ZONE shall consist of 1-10 units The purpose of this zone is to establish areas for higher residential densities within easy pedestrian access to commercial areas, public facilities and employment center of the City*** ***The property also has excellent freeway exposure making it ideal for approved signage***

Interior Details

1,784 sq. ft.
$445.63/sq. ft.
In; Connected & Paid; In Street Paid
Water District; Public

Exterior Details

0.15 acres
6,671 sq. ft.

Other Details

SR18274210
1949

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,850     

Unit #2
Bedrooms: 2      Full / Half Baths: 1     

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