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Listed by Jesse Perez, DRE #01414689 • Pinnacle Estate Properties
$795,000
Est. payment /mo
2 Beds
1 Bath
844 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 844 sqft
Price per Sqft $941
MLS Listing ID CRSR26110378
Bedrooms 2
Full Baths 1
Year Built 1929
Lot Size 6,481 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
INVESTOR / DEVELOPER OPPORTUNITY! Rare R3-1 zoned property in a prime Van Nuys location featuring a charming Spanish-style 2 bedroom, 1 bathroom bungalow with detached garage and additional storage structure. Property offers excellent potential for redevelopment, expansion, or long-term investment. Existing home features an updated bathroom and newer electrical panel, making it ideal to hold as a rental while planning future development. Per seller's understanding and preliminary information, property may allow for By-Right development of up to 8 units plus 2 detached ADUs and 1 attached ADU. Buyer to independently verify all development potential, zoning, density, ADU guidelines, permits, and usage with the City of Los Angeles Planning and Building Departments. Approximate lot dimensions are 54' x 120'. Property is connected to water, gas, electricity, sewer, paved streets, curbs, and sidewalks. Conveniently located near the 405 Freeway, Van Nuys Airport, FlyAway Bus Terminal, USPS, shopping, dining, and major employment centers. Excellent opportunity for builders, investors, or buyers looking for future upside in a high-demand rental market.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Garage Spaces 1.0
Pool None
View Local/Neighborhood
Building
Story One Story
Sewer TBD
Water District - Public
Others
Tax ID 2205026003
Special Listing Condition Not Applicable
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