28-acre site in San Fernando Valley hits the market

Mission Hills plot is one of the biggest up for sale in SFV in recent years

May.May 04, 2016 04:00 PM

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.

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