6948 N Woodman Ave
Van Nuys,
CA
91405
Property Details
| List Price: |
$3,295,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Coldwell Banker Realty |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
Lots And Land |
| Year Built: |
-- |
| Notes: |
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. |
| MlsNumber: |
24-384985 |
Estimate Your Monthly Payment
| Listing Provided By: |
Coldwell Banker Realty, original listing |
| Name: |
Coldwell Banker Realty |
| Phone: |
(800) 500-4053 |
| Office Name: |
Coldwell Banker Realty |
| Office Phone: |
(310) 820-6651 |
| Agent Name: |
Elham Khani |
| Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
