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
Courtesy of Pinnacle Estate Properties 818-993-7370
Listing Snapshot
Days Online
29
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
844
Lot Size
0.15 Acres
Year Built
1929
MLS Number
SR26110378MR
30 Days Snapshot Of 91406
$953k
0%
(avg) sold price
6
-40%
homes sold
49
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
844 sq ft, Built in 1929, "Detached/No Common Walls"
Community
"Valley", "Street Lights", "Sidewalks"
Cooling
"None"
Fireplaces
"None"
Garage
1 total garage spaces
Water Features
Water: "Public"
Home Owner's Association
Homeowner Dues: $0
Laundry
"None"
Lot
LotAcreage: 0, LotSizeArea: 6,481
Parking
CarportSpacesTotal: 0, TotalParking: 1
Pool
"None"
Property
EntryFloorNumber: 1, LandLeaseType: "Fee", PropertySubType: Single Family Residence, ViewYN: t, Zoning: LAR3
Sewer
"Unknown"
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