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 sellers 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
Listed by Pinnacle Estate Properties, Jesse Perez
Listing Snapshot
Days Online
19
Last Updated
Property Type
Detached
Beds
2
Full Baths
1
Square Ft.
844
Lot Size
0.15 Acres
Year Built
1929
MLS Number
SR26110378
Additional Details
Appliances & Equipment
"N/K"
Building
Built in 1929, Building area total: 844, 1 stroy, 1 story total, Living area: 844, Living area units: Sqft, Building area units: Sqft, Entry level: 1, "No Common Walls", "1 Story"
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Based on information from the San Diego MLS /Association of REALTORS®
as of . All data, including all measurements and calculations of area, is
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Source: San Diego MLS
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