Overview

Description

Cushman & Wakefield (the “Broker”) is pleased to present the opportunity to purchase 17424 Sherman Way, City of Los Angeles, County of Los Angeles, California, 91406 (the “Property”). The Property consists of two parcels totaling 40,256 square feet and is currently improved with a ±8,751 square foot building utilized as the Waldorf City School. The Waldorf City School presently serves children from pre-kindergarten through 8th grade. The Property is a rare opportunity to acquire an entitled private school site in the City of Los Angeles. Project highlights include:

APPROVED SCHOOL LAND USE The Property has an approved CUP allowing a private school serving grades pre-kindergarten through 8th. The CUP allows operation of a 100 student school in the current facility (subject to minor improvements) and up 232 students in a contemplated expansion to a 20,000 square foot facility.

APPROVED DROP OFF/ PICK UP CONFIGURATION The CUP has an approved, primary vehicular ingress via Enadia Way (planned) and egress via Andasol Avenue (existing).

DESIRABLE LOCATION The Property is located in the Lake Balboa Neighborhood in the City of Los Angeles. It is within 2.5 miles of either I-405 or Hwy-101 which are the primary commuter corridors to the major job centers in the region.

COVER LAND CALL The Property has an approved CUP, but it’s underlying zoning allows for various residential uses.

Documents

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