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$1,495,000
Est. payment /mo
3 Beds
2 Baths
1,166 SqFt
UPDATED:
01/04/2025 01:30 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,282
MLS Listing ID CRSR24254523
Bedrooms 3
Full Baths 2
Originating Board California Regional MLS
Year Built 1925
Lot Size 6,502 Sqft
Property Description
Prime Development Opportunity with Approved Plans in Progress to build 24-unit, 5-story apartment building under Type V5 construction! With LAR3 zoning. Plans are expected to be RTI (Ready to Issue) in just 2 months! A fantastic equity opportunity. Each unit is thoughtfully designed as a 1-bedroom, 1-bathroom with privete balcony and trash shut on each floor qualifying as part of an affordable housing initiative. With no parking requirements, this project maximizes the use of space and profitability. Don't miss out on this rare chance to develop in a prime location. Contact us today for more details and to schedule a property tour! If Buyer wishes to increase the number of units from 24 to 30, it is feasible. The units will be slightly smaller, and the city has already granted approval for this adjustment. Buyer to independently verify all information.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Cooling Central AC
Fireplaces Type None
Laundry In Laundry Room, Other
Exterior
Garage Spaces 1.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 2236021017
Special Listing Condition Not Applicable
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© 2025 MLSListings Inc. All rights reserved.
Listed by Shira Dunn • Keller Williams Coastal Properties
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Sharad Gupta
Broker | License ID: 02213637
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