11148 Lorne Street, Sun Valley, California 91352, Sun Valley, 91352 - 2 bed, 1 bath
ACTIVE$1,125,000
11148 Lorne Street, Sun Valley, California 91352
2Beds
1Bath
1,017Sqft
11,340Lot
Year Built
1950
Close
-
List price
$1.13M
Original List price
$1.13M
Price/Sqft
$1,106
HOA
-
Days on market
-
Sold On
-
MLS number
BB25268895
Home ConditionTear down
Features
Pool
View-
About this home
Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.12M(73th), sqft - 1017(11th), beds - 2(12th), baths - 1(22th).
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•2.2mi
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•2.4mi
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•1.0mi
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•3.7mi
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 1950, making it over 70 years old. The listing explicitly markets it as a 'Development Opportunity' with 'Conditionally approved plans for 17 townhome units,' and the property analysis lists 'Demolition of Existing Structure' as a weakness. The exterior images show a poorly maintained house and unkempt grounds, and there are no interior photos, strongly indicating the existing structures are considered unlivable or beyond repair, with the value solely in the land for redevelopment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11340, living area = 1017.
Significant Development Potential: Explicitly marketed as a 'Bulk Sale – Development Opportunity' ideal for developers, builders, and value-add investors, indicating high potential for profit.
Pre-Approved Development Plans: Conditionally approved plans for 17 townhome units with an approved zone change significantly de-risks and streamlines the development process.
Generous Combined Lot Size: The approximately 26,740 sq. ft. combined lot provides ample space for a substantial multi-unit townhome development.
Strategic Infill Location: Positioned adjacent to a public park and near a future lake/park project, enhancing future desirability and potential property value.
Favorable Market Conditions: Located in a high-growth submarket with robust rental and resale demand, promising strong returns for the completed townhome units.
Cons
Substantial Upfront Capital: The $2,250,000 list price, coupled with necessary demolition and construction costs, requires a significant initial capital investment.
Demolition of Existing Structure: The presence of a 1950-built residential property necessitates demolition, adding to project costs and timelines before development can commence.
Specialized Buyer Pool: The property's nature as a development opportunity limits its appeal to a specific niche of experienced developers or investors, potentially affecting market liquidity.