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Listed by Casey Picard • Keller Williams Realty
$2,300,000
Est. payment /mo
20,650 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 20,650 sqft
Price per Sqft $111
MLS Listing ID CRP1-22596
HOA Y/N No
Lot Size 0.474 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613