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Listed by Shira Dunn • Keller Williams Luxury
$ 1,175,000
Est. payment | /mo
3 Beds
2 Baths
1,166 SqFt
$ 1,175,000
Est. payment | /mo
3 Beds
2 Baths
1,166 SqFt
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 $1,007
MLS Listing ID CRSR25248003
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 6,502 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
RARE, SHOVEL-READY DEVELOPMENT OPPORTUNITY in a highly sought-after location! This is a fantastic equity opportunity offering a fast track to development with plans for a 24-unit, 5-story apartment building (LAR3 zoning) anticipated to be Ready-to-Issue (RTI) very soon! The project is strategically designed for maximum profitability, featuring 1-bedroom, 1-bathroom units-each with a private balcony and access to floor-level trash chutes-that qualify under an affordable housing initiative. Crucially, the absence of parking requirements dramatically maximizes usable space and return on investment. For the savvy buyer looking to push boundaries, the city has already approved the feasibility to increase the unit count from 24 to 30 units. Seize this moment to acquire a high-yield asset in a prime development corridor. Contact us immediately for full plans and to secure your stake in this exceptional venture! 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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