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Listed by Casey Picard • Keller Williams Realty
$ 2,300,000
Est. payment /mo
Active
15624 Vanowen Street Van Nuys (los Angeles), CA 91406
6,870 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,870 sqft
Price per Sqft $334
MLS Listing ID CRP1-22597
HOA Y/N No
Year Built 1956
Lot Size 0.474 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Heating None
Cooling None
Fireplace No
Laundry Other
Exterior
View None
Building
Lot Description Other
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