28-acre site in San Fernando Valley hits the market
One of the largest land listings in the San Fernando Valley in recent years has hit the market. The mostly vacant 28-acre plot sits at 11630 Indian Hills Road in Mission Hills.
Laurie Lustig-Bower and Kamran Paydar of CBRE have listed the site, which has a half-acre of frontage along the 5 freeway, for sale or long-term ground lease.
“More than 150,000 vehicles pass this site every day,” said Lustig-Bower. “The property’s unmatched visibility offers a great corporate branding opportunity.”
The property — currently owned by Sam Menlo, according to PropertyShark — has the potential for a comically large range of uses. The possibilities include single-family homes, multifamily communities, a motion picture studio campus, educational facilities, senior or assisted living communities, medical and research facilities, museums, a polo field and even a horse race track, according to CBRE. The site could also be turned into a sports training facility for soccer and teams.
It is currently zoned for agriculture, according to PropertyShark.
The sole tenant on the site is a YMCA Infant Preschool Care Center that occupies 60,000 feet of the land, and a single family home, according to Paydar.
Median land values in the San Fernando Valley have increased more than 50 percent since 2012, according to CBRE.