3 Beds
2 Baths
1,166 SqFt
3 Beds
2 Baths
1,166 SqFt
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 $1,072
MLS Listing ID SR26235286
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1925
Lot Size 6,503 Sqft
Property Sub-Type Single Family Residence
Property Description
An exciting opportunity for developers and investors to capitalize on a multifamily project with significant upside potential! Zoned LAR3, this property offers plans for a five-story, 24-unit apartment building, with Ready-to-Issue (RTI) status anticipated soon, providing a valuable head start on development.
Thoughtfully designed to maximize efficiency and investment potential, the proposed building features 24 one-bedroom, one-bathroom residences, each with a private balcony, along with convenient floor-level trash chutes. The project is designed to qualify under an affordable housing initiative, with no parking requirements, allowing for greater use of the available space.
Even more exciting is the potential to expand from 24 to 30 units, with the City having already approved the feasibility of the increased unit count, offering additional development flexibility and potential value.
With plans nearing RTI, favorable zoning, and the opportunity to create a substantial multifamily asset, this is a compelling investment for developers looking to bring their next project to life.
Contact us for additional details and development plans.
Buyer to independently verify all information, including zoning, approvals, unit count, RTI status, parking requirements, and development feasibility.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Rooms
Main Level Bedrooms 3
Interior
Interior Features Eat-in Kitchen, High Ceilings
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, Sidewalks
View Y/N No
View None
Porch Open, Patio
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer
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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