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Listed by Shira Dunn, DRE #02100807 • Keller Williams Luxury
$ 1,250,000
Est. payment | /mo
3 Beds
2 Baths
1,166 SqFt
$ 1,250,000
Est. payment | /mo
3 Beds
2 Baths
1,166 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,072
MLS Listing ID CRSR26235286
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 6,502 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
Exceptional Development Opportunity - 24 Units with Potential for 30! An exciting opportunity for developers and investors to capitalize on a multifamily project with significant upside potential! Zoned LAR3, this property offers plans for a five-story, 24-unit apartment building, with Ready-to-Issue (RTI) status anticipated soon, providing a valuable head start on development. Thoughtfully designed to maximize efficiency and investment potential, the proposed building features 24 one-bedroom, one-bathroom residences, each with a private balcony, along with convenient floor-level trash chutes. The project is designed to qualify under an affordable housing initiative, with no parking requirements, allowing for greater use of the available space. Even more exciting is the potential to expand from 24 to 30 units, with the City having already approved the feasibility of the increased unit count, offering additional development flexibility and potential value. With plans nearing RTI, favorable zoning, and the opportunity to create a substantial multifamily asset, this is a compelling investment for developers looking to bring their next project to life. Contact us for additional details and development plans. Buyer to independently verify all information, including zoning, appro
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Rooms
Dining Room In Kitchen
Interior
Cooling Central AC
Fireplaces Type None
Laundry In Laundry Room, Other
Exterior
Garage Spaces 1.0
Pool 31, None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 2236021017
Special Listing Condition Not Applicable
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Nearby Locations
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Bridge 2 Close
Lending Team License ID: NMLS 2362319 DRE 02174879