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$ 2,300,000
Est. payment /mo
Active
15624 Vanowen ST Van Nuys, CA 91406
0.47 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-22597
HOA Y/N No
Year Built 1956
Lot Size 0.474 Acres
Property Description
This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that upon lease up will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex that have been outfitted with all copper plumbing and newer roofs. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Fence None
Pool None
Community Features Sidewalks
View Y/N No
View None
Total Parking Spaces 11
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2234004026
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Casey Picard • Keller Williams Realty
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