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$1,150,000
Est. payment /mo
3 Beds
1.5 Baths
1,097 SqFt
UPDATED:
11/24/2024 07:20 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,097 sqft
Price per Sqft $1,048
MLS Listing ID CL24412013
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1948
Lot Size 7,017 Sqft
Acres 0.1611
Property Description
We pleased to present the opportunity to acquire this rare 7,015 SF lot development opportunity located in the highly desirable Valley Glen neighborhood, and just about two blocks to the Van Nuys Transit station. The site offers a zoning ordinance of LARD-1.5, which makes the site an attractive opportunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. The site is eligible to build up to thirty-five (35) affordable apartment units. There is a 3-bedroom + 1.5-bathroom single-family residence currently on the lot, which will be delivered 100% vacant. This is a high-demand rental location within close proximity to the Van Nuys Courthouse, restaurants, shops, and Valley college. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Interior Features Den
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Laundry Dryer, Washer, Inside
Exterior
Pool None
View Y/N true
View City Lights
Total Parking Spaces 5
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Others
Tax ID 2246002001
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Listed by Davis Saadian • KW Advisors
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