This is a terrific development opportunity for the sophisticated investor. Possible uses include Adult Day Care,School, Club, Banquet Hall (Check with City of San Fernando) Located in the heart of the City of San Fernando, the subject property and associated improvements offers the investor a unique opportunity to acquire a truly rare offering. Its present use is as an Elks Lodge. The property comprises of a standalone building measuring +/- 20,680 Sq. Ft on +/-61,325 Sq. Ft of land. The property stretches from Pico St to Hollister St. This is an ideal opportunity for an investor’ s 1031 Exchange Upleg. Tenants are on month to month leases thereby eliminating an encumbrance on the property from long term tenancies. There is an opportunity to assume an existing loan at very attractive terms. Monthly rental income from a combination of existing leases and rental of the hall for parties & events. The investor can benefit from the income stream while preparing plans applying for permits. **Tours are by appointment only**
The subject property is located in the heart of the City of San Fernando, located in the North-West region of Los Angeles County. Easy access to major freeways such as 118, 210, 405, 5, 101 makes for a very attractive location.