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6948 N Woodman Ave

Van Nuys, CA 91405
  • $3,195,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 24-384985
UPDATED: 59 min ago
$3,195,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T09:42:55.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/149957120
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6948 N Woodman Ave Van Nuys, CA 91405

  • Price: $3,195,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 59 min ago
  • MLS #: 24-384985
0
Beds
0
Baths
0
½ Baths
0.46
Acres
Neighborhood:
Valley Glen
County:
Los Angeles
Area:
Valley Glen
Property Description
Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.
Exterior Features

Horse YN No Lot Size Area 19961 View Description None View YN No

Property Features

Cable YN Yes Disclosures Building PermitAs Is Electric On Site Public Street YN True Sale Type Standard Site Description City Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Zoning LAR3

Listing provided courtesy of Elham Khani DRE#01989596 of Coldwell Banker Realty: 310-820-6651.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T09:42:55.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210