Just Listed | 8554 Glenoaks Blvd – 30,542 Vacant Lot

Rukard Group, just listed a 30,542 SF vacant lot positioned on Glenoaks Boulevard in Sun Valley, zoned (Q) R4-1VL for $2,995,000. With over 130 feet of frontage on Glenoaks Boulevard, the development opportunity is unique in size in allowing for approximately 76 multi-family units by right right per it’s zoning ordinance. 8554 Glenoaks Boulevard, is centrally located within San Fernando Valley, about 2.5 miles North from Bob Hope Airport and has convenient accessibility to all major freeways like the 5, 170, 118, 210 and 405. The offering represents an excellent opportunity for a developer to build a sizable asset in a submarket where there is limited supply and high demand for newly constructed workforce housing.