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$1,049,000
Est. payment /mo
10,602 Sqft Lot
UPDATED:
12/05/2024 05:29 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24461415
HOA Y/N No
Lot Size 10,602 Sqft
Property Description
Unlock the massive amount of potential of this spacious 10,604 sq ft corner lot located in the heart of Van Nuys. Zoned LARD1.5 with a large portion of the lot empty, there are a multitude of potential strategies for developers and investors. Build 3 duplexes, demolish one existing bungalow and convert the north most bungalow into an ADU. Demolish both existing structures and build 3 duplexes plus an attached ADU (7 units total). Leave both existing structures and build a duplex on the front of the lot with an attached ADU. Do an ED-1 project and build 30-45 units, depending on unit size. The 2 2-bedroom 1-bath bungalows that sit on the northern end are currently bringing in $3,450 a month. The possibilities are truly endless. Don't miss out on this incredible opportunity.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 2240015014
Special Listing Condition Standard
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Listed by Kaela Whelan • Compass
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935