11144 Lorne Street, Sun Valley, California 91352, Sun Valley, 91352 - 3 bed, 2 bath
ACTIVE$1,125,000
11144 Lorne Street, Sun Valley, California 91352
3Beds
2Baths
1,143Sqft
14,958Lot
Year Built
1947
Close
-
List price
$1.13M
Original List price
$1.13M
Price/Sqft
$984
HOA
-
Days on market
-
Sold On
-
MLS number
BB25268842
Home ConditionTear down
Features
Good View: None
Pool
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.12M(50th), sqft - 1143(25th), beds - 3(50th), baths - 2(50th).
Bulk Sale – Development Opportunity Two adjacent parcels, 11144 & 11148 Lorne Ave, now combined with a new address 11146 Lorne Ave, Sun Valley, CA. Combined lot size approximately 26,740 sq. ft. Conditionally approved plans for 17 townhome units with an approved zone change. Both lots sold together as a bulk sale for $2,250,000. Prime infill location adjacent to a public park and near the future lake/park project. Strong development potential in a high-growth submarket with robust rental and resale demand. Ideal for developers, builders, and value-add investors.
Nearby schools
2/10
Arminta Street Elementary School
Public,•K-5•0.5mi
5/10
Roscoe Elementary School
Public,•K-5•0.5mi
4/10
Glenwood Elementary School
Public,•K-5•1.0mi
4/10
Camellia Avenue Elementary School
Public,•K-5•1.0mi
2/10
Julie Korenstein Elementary School
Public,•K-5 & ungraded•1.2mi
3/10
Julie Korenstein Elementary School
Public,•K-5•1.3mi
5/10
Strathern Street Elementary School
Public,•K-5•1.5mi
3/10
Fernangeles Elementary School
Public,•K-5•1.5mi
4/10
Vinedale Elementary School
Public,•K-5•1.7mi
5/10
Bellingham Elementary School
Public,•K-5•2.2mi
5/10
Stonehurst Avenue Elementary School
Public,•K-5•2.3mi
3/10
Saticoy Elementary School
Public,•K-5•2.4mi
8/10
Providencia Elementary School
Public,•K-5•2.6mi
5/10
Coldwater Canyon Elementary School
Public,•K-5•2.7mi
8/10
Vena Avenue Elementary School
Public,•K-5•3.1mi
4/10
Canterbury Avenue Elementary School
Public,•K-5•3.3mi
6/10
Canterbury Avenue Elementary School
Public,•K-5•3.3mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•3.4mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•3.9mi
4/10
Richard E. Byrd Middle School
Public,•6-8•1.8mi
4/10
Roy Romer Middle School
Public,•6-8•2.3mi
5/10
James Madison Middle School
Public,•6-8•2.7mi
6/10
Luther Burbank Middle School
Public,•6-8•2.8mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•0.9mi
6/10
John H. Francis Polytechnic
Public,•9-12•1.7mi
3/10
Sun Valley High School
Public,•9-12•1.8mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•3.0mi
3/10
East Valley Senior High School
Public,•9-12•3.2mi
8/10
North Hollywood Senior High School
Public,•9-12•3.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•3.6mi
8/10
Burbank High School
Public,•9-12•3.9mi
6/10
Van Nuys Senior High School
Public,•9-12•5.0mi
Price History
Date
Event
Price
12/03/25
Listing
$1,125,000
07/01/15
Sold
$618,000
Condition Rating
Tear down
The property was built in 1947, making it over 75 years old. The listing explicitly markets it as a 'Development Opportunity' with 'Conditionally approved plans for 17 townhome units' and highlights 'Demolition and Site Preparation Costs' as a weakness. The provided images show neglected exteriors and unkempt grounds, with no interior shots, strongly indicating the existing structures are considered beyond repair and their value is solely in the land for redevelopment.
Pros & Cons
Pros
Significant Development Potential: The property is explicitly marketed as a 'Development Opportunity' with 'Conditionally approved plans for 17 townhome units and an approved zone change,' offering a clear path for high-density residential development.
Large Combined Lot Size: With approximately 26,740 sq. ft., the combined parcels provide substantial space for the proposed 17-unit townhome project.
Strategic Infill Location: Positioned in a 'Prime infill location adjacent to a public park and near the future lake/park project,' suggesting potential for enhanced future value and resident appeal.
Favorable Market Conditions: Located in a 'high-growth submarket with robust rental and resale demand,' indicating strong potential for profitability upon completion of the development.
Reduced Development Risk: The 'conditionally approved plans' and 'approved zone change' streamline the development process, saving time and mitigating some of the typical risks associated with new construction projects.
Cons
High Initial Capital Outlay: The bulk sale price of $2,250,000 requires a significant upfront investment, which may limit the pool of potential developers.
Specialized Buyer Audience: The property's nature as a development opportunity targets a niche market of 'developers, builders, and value-add investors,' potentially leading to a longer marketing period.
Demolition and Site Preparation Costs: The presence of an existing 1947-built duplex implies additional costs and time for demolition, debris removal, and site preparation before new construction can commence.