UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,282
MLS Listing ID SR25146607
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1925
Lot Size 6,503 Sqft
Property Sub-Type Single Family Residence
Property Description
Unlock the potential of this exceptional development site with LAR3 zoning and approved plans in progress to build a 5-story, 24-unit apartment building under Type V-B construction. This project is nearly RTI (Ready to Issue)—a rare and strategic opportunity for immediate equity growth.
Each unit is thoughtfully designed as a 1-bedroom, 1-bathroom with private balconies and trash chutes on every floor, aligning with affordable housing initiatives. With no parking requirements, the project maximizes building efficiency and profitability.
As an added value, city approval has already been granted to modify the plans and increase the unit count from 24 to 30 units, allowing even greater upside potential. (Note: Units would be slightly smaller.)
Located in a prime, high-demand area, this offering is perfect for savvy developers looking to break ground with minimal delay.
Don't miss out on this rare opportunity—contact us today for more details and to schedule a property tour!
Buyer to independently verify all information.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Rooms
Main Level Bedrooms 3
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside, Laundry Room
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Storm Drain(s), Street Lights
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2236021017
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Edan Amar Team Account
Broker Associate | License ID: 01856096
Broker Associate License ID: 01856096