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Listed by Casey Picard • Keller Williams Realty
$2,300,000
Est. payment /mo
0.47 Acres Lot
New
15624 Vanowen Street Van Nuys, CA 91406
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-22596
Lot Size 0.474 Acres
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 will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex. 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
Area Vn - Van Nuys
Zoning LAR3
Exterior
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description Sprinklers None