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15701, 15711 & 15725 Roscoe Boulevard
North Hills, CA 91343

Total Price: Request For Offers Zoning: R3-1/[Q]C2-1VL
Bldg SF:  37,036 SF TOC: Tier 1
Land SF:  131,412 SF (3.02 Acres)
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 15701, 15711 & 15725 Roscoe Boulevard, North Hills, CA 91343
Bldg SF: 37,036 SF
Land SF: 131,412 SF (3.02 Acres)
Zoning: R3-1/[Q]C2-1VL
TOC: Tier 1
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Significant Covered Land Value-Add Opportunity

 

  • Unique covered land value-add opportunity to acquire 3.02 acres of land with underperforming structures in a dense East San Fernando Valley location

 

  • Portfolio presents a multitude of potential options and creates a value-add proposition for investors looking to re-position multiple well-located East San Fernando Valley properties with large footprints of land

 

  • Properties can be purchased as a portfolio, individually, or a combination of the two

 

113,412 Square Feet of Land (3.02 acres) in a Tier 1 TOC  

 

  • Tier 1 TOC presents density bonus options

 

  • Strong East San Fernando Valley location creates a unique opportunity to re-develop over three acres of land within an emerging sub-market

 

  • Strong demand for housing in the immediate area due to robust population growth

 

  • Close proximity to transit

 

  • There may be the potential to acquire an additional 17,943 square feet of land which was dedicated to the city of Las Angeles for the extension of Haskell Avenue

 

Strong Performing Motel 6 with Excellent Operating History

 

  • Strong performing Motel 6 with excellent operating history on a short-term lease

 

  • 114 rooms with amenities including swimming pool, laundry facilities, and vending machine

 

  • Annual revenue exceeds $2,700,000

 

  • Potential for an operator to take over operations

 

  • Large footprint of land

 

Commercial Sites Offer a Multitude of Options

 

  • Excellent location along Roscoe Boulevard at a signalized intersection creates a significant re-positioning opportunity

 

  • Sites are ideal to attract a large cross-section of national and regional tenants

 

  • Commercial sites are ideally positioned for an owner-user to immediate occupy for their own business use

 

  • 231 feet of frontage along Roscoe Boulevard

 

  • Rare auto-use creates value to an owner-user operator

 

  • Excellent location directly off the 405 Freeway will allow businesses to prosper

 

Excellent East San Fernando Valley Location

 

  • Excellent freeway visibility from the Interstate 405 Freeway

 

  • Signalized corner location at Roscoe Boulevard and Haskell Avenue

 

  • High daily traffic counts along Roscoe Boulevard exceeding 45,000 vehicles per day

 

  • Excellent freeway visibility along the Interstate 405 Freeway with over 300,000 vehicles per day passing the subject properties

 

Dense Immediate Sub-Market

 

  • Over 38,000 people within one mile of the subject properties, over 320,000 people within three miles, and over 772,000 people within five miles

 

  • 9,900 households within one mile of the subject properties, 92,000 households within three miles, and over 237,000 households within five miles

 

  • Average household income is over $57,000 within one mile, over $70,000 within three miles of the subject properties, and over $79,000 within five miles

 

  • Median household income is over $39,000 within one mile and increased to over $50,000 and $58,000 within three and five miles respectively 6.66% population growth between 2010 – 2019 with strong growth projections over the next five years