Average square foot calculated using Size range provided by listing agent.
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.Show Description
MLS® NumberP1-22596
Laundry Level
Central VacNo
FireplaceNo
Acreage0.4741
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel
Extras
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