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.
Number of Units : 8
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 2
Unit 1 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 3
Unit 2 : Total Bathrooms : 1
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 2
Unit 3 : Total Bathrooms : 1
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 1
Unit 4 : Total Bathrooms : 1
Site : Sidewalks
Zoning : Assessor
Street Address: Address not disclosed
City: Van Nuys
State: California
Postal Code: 91406
County: Los Angeles
MLS Number: P1-22597
Courtesy of Keller Williams Realty
City: Van Nuys
State: California
Postal Code: 91406
County: Los Angeles
MLS Number: P1-22597
Courtesy of Keller Williams Realty
Courtesy of Evanisko Realty & Investment
