Restored Church Los Angeles acquires 6 acre religious site in San Fernando Valley
Dow Capital announces the firm has arranged the acquisition of 20101 Devonshire Street, a 6 acre religious site in Chatsworth, CA. The asset was acquired by Restored Church Los Angeles, a California nonprofit religious corporation, for $6.25 million.
Dow Capital Broker Nick Dow and Associate Broker Sammy Lyon facilitated the transaction on behalf of the buyer and seller.
“Thank you to the Presbytery for the opportunity to continue their legacy of stewarding this property for further expansion of God’s kingdom in the San Fernando Valley, and to Dow Capital for their expertise and guidance through the whole process,” said Pastor Brad Sarian of Restored Church Los Angeles. “All of us at Restored LA are eternally grateful to finally have a permanent church home!”
Nestled in the scenic foothills of Chatsworth, CA, the property encompasses 260,305sf or 5.98 acres at the entrance of Monteria Estates on Winnetka Avenue. Access to the church is from Devonshire Street.
The site improvements contain a combined 15,896sf, including a sanctuary, single-story administrative building and classroom building.
The church and office buildings were completed in 1991, and the classroom building was built in 1966. The site also includes a small coffee bar kiosk, shed building, and playground with fixed in place canopy.
Onsite parking is provided in an asphalt paved parking lot that wraps from the front of the property to additional open green space at the rear of the property.
“This sale is a great example of how real estate brokers can work with community to achieve win-win outcomes for buyers and sellers,” said Sammy Lyon of Dow Capital. “In addition, we were able to offer a non-profit commission discount and donate over 50% of proceeds to community projects.”
The seller of the property was the Presbytery of San Fernando. The site will remain a place of worship under new ownership.
About Nick Dow
Nick Dow brings over 35 years experience in real estate. He has managed over 3,000,000 square feet of residential, commercial, and religious properties, collaborating with Kaiser Permanente, BP/Andeavor, DP Management, and the Presbytery of San Fernando. He is the principal broker for Dow Capital.
About Sammy Lyon
Sammy Lyon is a Los Angeles-based real estate broker, REALTOR®, and Associate Broker with Dow Capital, with more than $104 million in closed sales volume across 100+ transactions. Sammy’s team of dedicated real estate professionals serve clients throughout California, from commercial and residential sales to property management. In addition to real estate, Sammy has a background in project management and holds certifications in Construction Project Management, Short Sale & Foreclosure Resource (SFR), and Property Management Certification (PMC). Sammy has been featured on HGTV’s House Hunters and in Newsweek, Yahoo Finance, and U.S. News & World Report, and commits 5% of gross income to racial and social justice. To learn more, visit lyonideas.com or follow @lyonideas.
About Dow Capital
Dow Capital is a full-service real estate firm dedicated to delivering exceptional residential and commercial real estate services to our select group of clients. Our expertise, market insight, and commitment to excellence set us apart in helping individuals, investors, and businesses achieve their real estate goals. To learn more, visit dowcapital.com
Originally published at https://www.linkedin.com/pulse/dow-capital-arranges-sale-20101-devonshire-street-chatsworth-ef9jc/