Listing by: Elham Khani, Coldwell Banker Realty
0 Beds
n/a Full bath
n/a SqFt
Active
Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.
Property Details | ||
---|---|---|
Price | $3,295,000 | |
Lot Size | 97x205 | |
Lot Size Area | 19961 | |
Lot Size Area Units | Square Feet | |
Acres | 0.4582 | |
Property Type | Land | |
View | None | |
Geographic Data | ||
Directions | EAST ON WOODMAN, NORTH OF VANOWEN, SOUTH OF SHERMAN WAY | |
County | Los Angeles | |
Latitude | 34.196828 | |
Longitude | -118.430866 | |
Market Area | VG - Valley Glen | |
Address Information | ||
Address | 6948 N Woodman Avenue, Van Nuys, CA 91405 | |
Postal Code | 91405 | |
City | Van Nuys | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Coldwell Banker Realty | |
Listing Agent | Elham Khani | |
Buyer Agency Compensation | 2.000 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 8 | |
MLS Status | Active | |
Listing Date | Apr 26, 2024 | |
Listing Last Modified | May 4, 2024 | |
Tax ID | 2328010025 | |
MLS Area | VG - Valley Glen | |
MLS # | 24384985 |
This information is believed to be accurate, but without any warranty.