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Listed by Vartan Grigoryan • Treasure Capital Realty Inc
$ 2,695,000
Est. payment | /mo
0.45 Acres Lot
$ 2,695,000
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25135975
Lot Size 0.447 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Land Development Opportunity - Prime Van Nuys Location Unlock the potential of a rare multifamily development opportunity in the heart of Van Nuys, one of Los Angeles' fastest-growing neighborhoods. This strategically located parcel offers an ideal canvas for a modern apartment complex, appealing to both developers and investors seeking to meet the rising demand for housing in the San Fernando Valley. Property Highlights: Central Van Nuys Location - Situated near major transit corridors, employment hubs, shopping, dining, and civic services. Excellent walkability and easy freeway access (101, 170, 405). Generous Lot Size 19,490 sqft - Flat and buildable with favorable zoning for high-density residential (check with city for TOC or Density Bonus incentives). Development Potential - Ideal for a 4-5 story apartment building with underground parking. Potential for 50-100+ units, depending on design and entitlements. (Est: TOC 55 units. ED1 88 Units- potential to do more. ) Transit-Oriented TIER 3- Close to the Van Nuys Metro Station and future Sepulveda Transit Corridor, enhancing long-term value and rental appeal. Thriving Residential Demand - Van Nuys is undergoing revitalization, with rising rental rates and continued migration from central Los Angeles. U
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LX
Exterior
Utilities Available Electricity - On Site
View None
Building
Water District - Public
Others
Tax ID 2237002021
Special Listing Condition Not Applicable
Virtual Tour https://www.wellcomemat.com/mls/55d10717398c1m7nb
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Ben Dodge
REALTOR® | Lic# DRE 01959374