Post on 06-Sep-2018
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M2 ZONE SUN VALLEY LAND
OPPORTUNITY
Sun Valley, CA
ACT ID Y0120655
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in
this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation
with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any
agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of
providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
OFFERING SUMMARY
Price $2,300,000
Down Payment 100% / $2,300,000
Loan Amount $0
Loan Type All Cash
Lot Size (SF) 56,383
Price/SF $40.79
Lot Size (Acres) 1.29 acre(s)
Price/Acre $1,782,945
Allowable Buildable SF 84,574
Number of Lots 9
Price/Lot $255,556
Type of Ownership Fee Simple
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EXECUTIVE SUMMARY
OFFERING SUMMARY
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M2 ZONE SUN VALLEY LAND OPPORTUNITY
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SUN VALLEY M2 ZONED LAND OPPORTUNITY
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OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES *
Fire Dept-Station 98 3,000
Kaiser Permanente 3,000
Los Angeles Dept Wtr & Pwr
2,071
Diagnostic Labs & Rdlgy 1,500
Los Angeles Unified School Dst
1,414
Anthony International 1,275
Water & Power Dept 999
Penny Lane Centers 953
McDonalds 847
Target 777
US Post Office 718
Mission Community Hospital
700
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2016 Estimate Pop 11,577 193,532 622,907
2010 Census Pop 11,253 186,460 598,419
2016 Estimate HH 2,708 48,717 180,283
2010 Census HH 2,620 46,799 172,068
Median HH Income $43,562 $48,073 $46,832
Per Capita Income $14,298 $16,787 $19,213
Average HH Income $60,146 $66,042 $65,827
* # of Employees based on 5 mile radius
SUN VALLEY M2 ZONED LAND OPPORTUNITY
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OFFERING SUMMARY
1.29 Acres of Vacant Land
Easy Access to Interstate 5 (Proximate to 170, 118, 405 & 210
Freeways)
Sun Valley - La Tuna Canyon Community Plan Area
Council District 6 - Nury Martinez
Nine Legal Parcels
INVESTMENT HIGHLIGHTS
Marcus & Millichap, as exclusive advisors is pleased to present approximately 1.29 Acres or 56,383-square feet of Vacant Land
located in Sun Valley, CA.
Subject Property is approximately 1.29 Acres (56,383-square feet) of vacant land zoned [T][Q]M2-1-CUGU, comprised of nine (9)
parcels which allows for a plethora of permitted uses. Buyer to verify their intended use with City of Los Angeles.
This unique opportunity is located on the Northeast Roadway of San Fernando Road. Boasting frontage along Sutter Avenue,
Art Street, Wicks Street and Ralston Avenue. Allowing investor a plethora of ingress/ egress access for their contemplated use.
The land is ideal for Manufacturing uses and development with numerous development options. Under the current Zone "M2"
(Light Industrial) and General Plan Land Use Designation (Heavy Manufacturing), it is intended to permit Light Industrial
development. Maximum floor area (FAR) in this district is 1.5 : 1. Buyer to verify with City of Los Angeles.
INVESTMENT OVERVIEW
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SUN VALLEY M2 ZONED LAND OPPORTUNITY
PROPERTY SUMMARY
OFFERING SUMMARY
THE OFFERING
Property M2 Zone Sun Valley Land Opportunity
Price $2,300,000
Property Address 9203 Ralston Avenue,Sun Valley,CA
Assessors Parcel Number2538-008-
008|009|011|014|015|016|017|020|021
Zoning [T][Q]M2-1 - CUGU
General Plan Heavy Manufacturing
Lot Size Dimensions N/A
SITE DESCRIPTION
Lot Size (SF) 56,383
Price/SF $40.79
Lot Size (Acres) 1.2900
Price/Acre $1,782,945
Allowable Buildable SF 84,574
FAR 1.5 : 1
Number of Lots 9
Price/Lot $255,556
Type of Ownership Fee Simple
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LOCATION OVERVIEW
9203 Ralston Avenue, Sun Valley, CA 91352
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEM2 ZONE SUN VALLEY LAND OPPORTUNITY
PRICING AND VALUATION MATRIX
PROPERTY NAMESUN VALLEY M2 ZONED LAND OPPORTUNITY
LOCATION OVERVIEW
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LOCATION OVERVIEW
9203 Ralston Avenue, Sun Valley, CA 91352
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEM2 ZONE SUN VALLEY LAND OPPORTUNITY
PRICING AND VALUATION MATRIX
PROPERTY NAMESUN VALLEY M2 ZONED LAND OPPORTUNITY
LOCATION OVERVIEW
8
8
SUN VALLEY M2 ZONED LAND OPPORTUNITY
SALES COMPARABLES MAP
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M2 ZONE SUN VALLEY LAND
OPPORTUNITY
(SUBJECT)
11738 Wicks Street
8874 Norris Ave
3003 Hollywood Way
5505 Cleon Avenue
123 W. Burbank Blvd
11257 Dora St
11128 Tuxford St
8588 Telfair Ave
6870 Troost Ave
18343 Napa St
21608 Nordhoff St
11153 Tuxford St
11115 Tuxford St
8786 Bradley Ave
SALES COMPARABLES
ON MARKET COMPARABLES
1
2
3
4
5
7
8
13
14
6
9
10
11
12
14
Avg. $2,515,037
Avg. $3,329,997
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
M2 Zone
Sun
Valley Land
Opportunity
11738
Wicks
Street
8874
Norris Ave
3003
Hollywood
Way
5505 Cleon
Avenue
123 W.
Burbank
Blvd
11257
Dora St
11128
Tuxford St
8588
Telfair Ave
6870
Troost Ave
18343
Napa St
21608
Nordhoff St
11153
Tuxford St
11115
Tuxford St
8786
Bradley Ave
PROPERTY NAMESUN VALLEY M2 ZONED LAND OPPORTUNITY
COMPARABLES
Average Price Per Acre
SALES COMPARABLES
ON MARKET
COMPARABLES
SALES COMPS AVG
ON MARKET COMPS
AVG
PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES ON MARKET COMPARABLES
rentpropertyname1
rentpropertyaddress1
673 VISTA ISLE DRIVE
673 VISTA ISLE DRIVE, SUNRISE, FL, 33325
M2 ZONE SUN VALLEY LAND
OPPORTUNITY9203 RALSTON AVENUE, SUN VALLEY, CA, 91352
Asking Price $2,300,000
Down Payment $2,300,000
Down Payment % 100%
Price/SF $40.79
Lot Size (Acres) 1.29 acre(s)
Price/Acre $1,782,945
11738 WICKS STREET, SUN VALLEY, CA, 91352
11738 WICKS STREET
1
Close of Escrow 8/18/2016
Sales Price $625,000
Down Payment % 100%
Zoning [T][Q]M2-1
Lot Size (SF) 15,428
Price/SF $40.53
Lot Size (Acres) 0.3540
Price/Acre $1,765,537
Lot Dimensions N/A
8874 NORRIS AVE, SUN VALLEY, CA, 91352
8874 NORRIS AVENUE
2
Close of Escrow 9/25/2015
Sales Price $750,000
Down Payment % 100%
Zoning M2-1
Price/SF $74.86
Lot Size (Acres) 0.2300
Price/Acre $3,260,870
Lot Dimensions N/A
PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
16
SALES COMPARABLES ON MARKET COMPARABLES
3003 HOLLYWOOD WAY, BURBANK, CA, 91505
3003 HOLLYWOOD WAY
3
Close of Escrow 3/31/2016
Sales Price $1,400,000
Down Payment % 100%
Zoning M2
Price/SF $45.91
Lot Size (Acres) 0.700
Price/Acre $2,000,000
Lot Dimensions N/A
5505 CLEON AVENUE, NORTH HOLLYWOOD, CA, 91601
5505 CLEON AVENUE
4
Close of Escrow 7/17/2015
Sales Price $750,000
Down Payment % 100%
Zoning MR2-1VL
Price/SF $57.39
Lot Size (Acres) 0.3000
Price/Acre $2,500,000
Lot Dimensions N/A
123 W. BURBANK BLVD, BURBANK, CA, 91502
123 WEST BURBANK BOULEVARD
5
Close of Escrow 12/31/2015
Sales Price $1,250,000
Down Payment % 100%
Zoning M2
Price/SF $69.99
Lot Size (Acres) 0.4100
Price/Acre $3,048,780
Lot Dimensions N/A
PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES ON MARKET COMPARABLES
11257 DORA ST, SUN VALLEY, CA, 91352
11257 DORA STREET
6
On Market
List Price $620,000
Down Payment % 100%
Zoning [Q]M1-1
Lot Size (SF) 5,639
Price/SF $109.49
Lot Size (Acres) 0.1300
Price/Acre $4,769,231
Lot Dimensions N/A
11128 TUXFORD ST, SUN VALLEY, CA, 91352
11128 TUXFORD STREET
7
On Market
List Price $544,000
Down Payment % 100%
Zoning M2-1
Lot Size (SF) 6,107
Price/SF $89.20
Lot Size (Acres) 0.1400
Price/Acre $3,885,714
Lot Dimensions N/A
8588 TELFAIR AVE, SUN VALLEY, CA, 91352
8588 TELFAIR AVENUE
8
On Market
List Price $815,000
Down Payment % 100%
Zoning [Q]MR1-1VL
Lot Size (SF) 10,867
Price/SF $75.14
Lot Size (Acres) 0.2490
Price/Acre $3,273,092
Lot Dimensions N/A
PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES ON MARKET COMPARABLES
6870 TROOST AVE, NORTH HOLLYWOOD, CA, 91605
6870 TROOST AVENUE
9
On Market
List Price $3,900,000
Down Payment % 100%
Zoning M1-1VL
Lot Size (SF) 92,613
Price/SF $42.23
Lot Size (Acres) 2.1200
Price/Acre $1,839,623
Lot Dimensions N/A
18343 NAPA ST, NORTHRIDGE, CA, 91325
18343 NAPA STREET
10
On Market
List Price $1,925,000
Down Payment % 100%
Zoning LA MR1-
Lot Size (SF) 32,080
Price/SF $60.04
Lot Size (Acres) 0.7360
Price/Acre $2,615,489
Lot Dimensions N/A
21608 NORDHOFF ST, CHATSWORTH, CA, 91311
21608 NORDHOFF STREET
11
On Market
List Price $1,800,000
Down Payment % 100%
Zoning LA MR2-1
Lot Size (SF) 30,000
Price/SF $59.89
Lot Size (Acres) 0.6900
Price/Acre $2,608,696
Lot Dimensions N/A
PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES ON MARKET COMPARABLES
11153 TUXFORD ST, SUN VALLEY, CA, 91352
11153 TUXFORD STREET
12
On Market
List Price $2,100,000
Down Payment % 100%
Zoning [T][Q]M3-1
Price/SF $94.53
Lot Size (Acres) 0.5100
Price/Acre $4,117,647
Lot Dimensions N/A
11115 TUXFORD ST, SUN VALLEY, CA, 91352
11115 TUXFORD STREET
13
On Market
List Price $975,000
Down Payment % 100%
Zoning M3
Lot Size (SF) 10,609
Price/SF $91.73
Lot Size (Acres) 0.2440
Price/Acre $3,995,902
Lot Dimensions N/A
8786 BRADLEY AVE, SUN VALLEY, CA, 91352
8786 BRADLEY AVENUE
14
On Market
List Price $825,000
Down Payment % 100%
Zoning M1
Lot Size (SF) 12,550
Price/SF $65.76
Lot Size (Acres) 0.2880
Price/Acre $2,864,583
Lot Dimensions N/A
MARKET OVERVIEW
Almost 2.5 million people reside in the San Fernando Valley, which includes the submarkets of Northridge-Northwest San Fernando Valley, Van Nuys-Northeast San
Fernando Valley, Woodland Hills, Burbank-Glendale-Pasadena and Sherman Oaks-North Hollywood-Encino. The area’s population is expected to increase by 1.9 percent
through 2020, or by 47,400 new residents.
Known for its entertainment industry, the Valley boasts more than 100 soundstages. Entertainment giants calling the Valley home include Walt Disney Co., Universal
Studios, Warner Brothers, DreamWorks and Paramount Ranch. The entertainment industry continues to set the area’s economic pulse. Local motion-picture and
entertainment companies employ roughly 25,000 people.
While the Valley has grown into the world’s center for entertainment, aerospace giants Boeing and Northrop Grumman and 21st Century Insurance also generate numerous
well-paying jobs. Healthcare is also a major source of employment with providers that include Kaiser Permanente and Providence Health & Services. As a result of its large
concentration of high-salaries and successful companies, the area’s median household income of $61,600 per year has risen dramatically in recent years.
Although the median home prices dipped during the recession, affordability remains a challenge for much of the local population. High home prices keep the
homeownership rate at 50 percent in the San Fernando Valley and provide a large rental base.
MAJOR EMPLOYERS
Warner Bros. Entertainment Inc.
The Walt Disney Co.
Kaiser Permanente
UCLA Medical Center
Yahoo! Inc.
Providence Health & Services
Boeing
NBCUniversal
21st Century Insurance Co.
Northrop Grumman Corp.Sources: Marcus & Millichap Research Services; Experian
SAN FERNANDO VALLEY
SUN VALLEY M2 ZONED LAND OPPORTUNITY
SHARE OF TOTAL EMPLOYMENTSAN FERNANDO VALLEY EMP.: 915,700
Services 46%
Retail Trade 17%
Manufacturing 9%
Finance, Insurance & Real Estate 8%
Public Administration 5%
Transportation, Communications & Utilities 5%
Construction 4%
Unclassified 5%
The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or
reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.
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PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
DEMOGRAPHICS
Source: © 2016 Experian
Created on May 2017
POPULATION 1 Miles 3 Miles 5 Miles
2021 Projection
Total Population 11,962 197,812 633,139
2016 Estimate
Total Population 11,577 193,532 622,907
2010 Census
Total Population 11,253 186,460 598,419
2000 Census
Total Population 9,807 176,119 584,505
Daytime Population
2016 Estimate 14,877 169,805 549,248
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
2021 Projection
Total Households 2,808 50,065 184,053
2016 Estimate
Total Households 2,708 48,717 180,283
Average (Mean) Household Size 4.07 3.85 3.37
2010 Census
Total Households 2,620 46,799 172,068
2000 Census
Total Households 2,309 44,446 168,307
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
2016 Estimate
$250,000 or More 1.05% 1.55% 1.78%
$200,000 - $249,999 0.90% 1.10% 1.14%
$150,000 - $199,999 2.31% 3.34% 3.45%
$125,000 - $149,999 3.47% 4.08% 3.86%
$100,000 - $124,999 7.48% 7.36% 7.01%
$75,000 - $99,999 10.46% 12.19% 11.64%
$50,000 - $74,999 19.56% 18.72% 18.44%
$35,000 - $49,999 16.17% 14.61% 14.38%
$25,000 - $34,999 13.64% 12.25% 12.04%
$15,000 - $24,999 13.67% 12.79% 13.08%
Under $15,000 11.28% 12.00% 13.19%
Average Household Income $60,146 $66,042 $65,827
Median Household Income $43,562 $48,073 $46,832
Per Capita Income $14,298 $16,787 $19,213
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PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
DEMOGRAPHICS
Source: © 2016 Experian
Created on May 2017
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
Population by Age
0 to 4 Years 7.83% 7.33% 7.27%
5 to 14 Years 14.99% 14.03% 13.54%
15 to 17 Years 4.87% 4.55% 4.26%
18 to 19 Years 2.87% 2.81% 2.63%
20 to 24 Years 9.12% 8.59% 8.25%
25 to 29 Years 8.58% 8.75% 8.88%
30 to 34 Years 7.21% 7.53% 7.96%
35 to 39 Years 6.96% 6.90% 7.19%
40 to 49 Years 13.18% 13.25% 13.71%
50 to 59 Years 11.11% 12.04% 12.14%
60 to 64 Years 4.15% 4.48% 4.45%
65 to 69 Years 3.34% 3.36% 3.28%
70 to 74 Years 2.22% 2.36% 2.29%
75 to 79 Years 1.45% 1.63% 1.65%
80 to 84 Years 1.03% 1.17% 1.18%
Age 85+ 1.07% 1.23% 1.33%
Median Age 31.14 32.55 33.20
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
Population 25+ by Education Level
2016 Estimate Population Age 25+ 6,983 121,351 399,053
Elementary (0-8) 22.93% 21.58% 17.03%
Some High School (9-11) 12.52% 13.76% 12.51%
High School Graduate (12) 23.55% 23.65% 23.33%
Some College (13-15) 17.51% 16.44% 18.42%
Associate Degree Only 5.71% 5.60% 5.98%
Bachelors Degree Only 9.93% 10.45% 13.99%
Graduate Degree 2.12% 3.50% 4.67%
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Income
In 2016, the median household income for your selected geography is
$43,562, compare this to the US average which is currently $54,505.
The median household income for your area has changed by 26.22%
since 2000. It is estimated that the median household income in your
area will be $51,676 five years from now, which represents a change
of 18.63% from the current year.
The current year per capita income in your area is $14,298, compare
this to the US average, which is $29,962. The current year average
household income in your area is $60,146, compare this to the US
average which is $78,425.
Population
In 2016, the population in your selected geography is 11,577. The
population has changed by 18.05% since 2000. It is estimated that
the population in your area will be 11,962.00 five years from now,
which represents a change of 3.33% from the current year. The
current population is 50.38% male and 49.62% female. The median
age of the population in your area is 31.14, compare this to the US
average which is 37.68. The population density in your area is
3,684.47 people per square mile.
Households
There are currently 2,708 households in your selected geography. The
number of households has changed by 17.28% since 2000. It is
estimated that the number of households in your area will be 2,808
five years from now, which represents a change of 3.69% from the
current year. The average household size in your area is 4.07 persons.
Employment
In 2016, there are 9,479 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
41.05% of employees are employed in white-collar occupations in
this geography, and 57.18% are employed in blue-collar occupations.
In 2016, unemployment in this area is 11.79%. In 2000, the average
time traveled to work was 30.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
46.07% White, 2.36% Black, 0.13% Native American and 6.98%
Asian/Pacific Islander. Compare these to US averages which are:
70.77% White, 12.80% Black, 0.19% Native American and 5.36%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 80.96% of the current year
population in your selected area. Compare this to the US average of
17.65%.
PROPERTY NAME
MARKETING TEAM
SUN VALLEY M2 ZONED LAND OPPORTUNITY
Housing
The median housing value in your area was $395,443 in 2016,
compare this to the US average of $187,181. In 2000, there were
1,320 owner occupied housing units in your area and there were 990
renter occupied housing units in your area. The median rent at the
time was $563.
Source: © 2016 Experian
DEMOGRAPHICS
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TRAFFIC COUNTYEAR COUNT
2011 23,150
2011 18,738
2009 14,859
MARKETING PLAN
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LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEM2 ZONE SUN VALLEY LAND OPPORTUNITY
PRICING AND VALUATION MATRIX
PROPERTY NAMESUN VALLEY M2 ZONED LAND OPPORTUNITY
25
MARKET OVERVIEW
Source: © 2016 Experian