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,… Read More 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. Read Less
Listing courtesy of Pinnacle Estate Properties.Jesse Perez
Listing Snapshot
Days Online
20
Last Updated
Beds
2
Full Baths
1
Square Ft.
844
Lot Size
0.15 Acres
Year Built
1929
MLS Number
SR-26110378
Additional Details
Building
Building area total: 844, Levels: "One", 1 total story, Built in 1929
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Based on information from the California Desert Association of REALTORS® as
of . All data, including all measurements
and calculations of area, is obtained from various sources and has not been, and
will not be, verified by broker or MLS. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information
Source: Desert Association of REALTORS Listings last updated on ,
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