Listed By:
MIG Commercial Real Estate Ser, Alex Matevosian
Local Realty Services Provided By:
Keller Williams Realty Studio City
Overview
What It'll Cost
Neighborhood
Similar Homes
$999,000
10434 Ilex Avenue, Pacoima, CA 91331
2 Beds
1 Bath
1,014
sq ft
.14
ac
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$999,000
10434 Ilex Avenue, Pacoima, CA 91331
Estimation provided by Keller Williams Realty Inc.
2 Beds
1 Bath
1,014
sq ft
.14
ac
Active
For Sale
Property Description
MIG Commercial Real Estate Services, Inc. is excited to present a prime opportunity at 10434 Ilex avenue in Pacoima, available for $999,000. This industrially zoned MR1 property includes 5,993 square feet of land and a 1,014 square foot building featuring two bedrooms and one bathroom.
The MR1 Restricted Industrial Zone in Los Angeles is ideal for a variety of light industrial uses, making this property particularly attractive for businesses in need of secure, flexible space. Permitted uses in MR1 include enclosed operations for warehousing, light manufacturing, and certain trade schools, allowing for industrial activities without interference from dust, noise, or odors. Specific provisions encourage operations within enclosed buildings or fenced areas, aligning well with this property’s gated setup?.
This listing is perfect for a value-add investor looking to develop the excess land or an owner-user leveraging SBA financing. The strategic location offers proximity to major freeways 5, 210, and 118, ensuring easy connectivity for business operations.
Assessed Value is a combination of the land and additions.
2023
$8,214
(+4.87%)
$663,000
Land 498,678 +
Additions 164,322
2022
$7,832
(+129.94%)
$268,681
Land 120,445 +
Additions 148,236
2021
$3,406
(+2.99%)
$268,681
Land 120,445 +
Additions 148,236
2019
$3,308
(+2,544,169.23%)
$265,927
Land 119,210 +
Additions 146,717
2017
$0.13
$255,603
Land 112,336 +
Additions 138,256
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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