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 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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50097329
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Interior Features
- Fireplace: None
Cooling Features
- None
- Air Conditioning
Heating Source
- None
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1956
- Building Area Total: 6,870
Pool Features
- None
Laundry Features
- Common Area
Fencing
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4741
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 20650
-
Listing Information
Listing Price Information
- Original List Price: 2,300,000
- Listing Contract Date: 2025-06-05
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 2234004026
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Carport
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: VN - Van Nuys
- Postal Code Plus 4: 7215
- Directions: Located on Vanowen Street near the 405
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: VN - Van Nuys
Building and Construction
- Property Age: 69
- Common Walls: No Common Walls
- Year Built Source: Assessor
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BuyOwner last updated this listing 07/26/2025 @ 08:09
- MLS: P1-22597
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 6,870 sqft, 20,650 sized lot, and 0 parking. are nearby neighborhoods.