$1,150,000
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5934 Murietta Avenue Van Nuys, CA 91401
Single Family
Residence
3
Beds
2
Baths
1,097
Sq. Ft.
0.16
Acre
Lot
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We pleased to present the opportunity to acquire this rare 7,015 SF lot development opportunity located in the highly desirable Valley Glen neighborhood, and just about two blocks to the Van Nuys Transit station. The site offers a zoning ordinance of LARD-1.5, which makes the site an attractive oppo...rtunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. The site is eligible to build up to thirty-five (35) affordable apartment units. There is a 3-bedroom + 1.5-bathroom single-family residence currently on the lot, which will be delivered 100% vacant. This is a high-demand rental location within close proximity to the Van Nuys Courthouse, restaurants, shops, and Valley college. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.
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MLS#
24412013
Property Type
Single Family
Status
Active Under Contract
Bedrooms
3
Bathrooms
1 Full/1 Half
Year Built
1948
Square Feet
1,097
sq. ft
Lot Size
0.16
Stories
1.0
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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