Unlock the massive amount of potential of this spacious 10,604 sq ft corner lot located in the heart of Van Nuys. Zoned LARD1.5 with a large portion of the lot empty, there are a multitude of potential strategies for developers and investors. Build 3 duplexes, demolish one existing bungalow and convert the north most bungalow into an ADU. Demolish both existing structures and build 3 duplexes plus an attached ADU (7 units total). Leave both existing structures and build a duplex on the front of the lot with an attached ADU. Do an ED-1 project and build 30-45 units, depending on unit size. The 2 2-bedroom 1-bath bungalows that sit on the northern end are currently bringing in $3,450 a month. The possibilities are truly endless. Don't miss out on this incredible opportunity.
6552 & 6558 WOODMAN AVE PARCEL # 2329-002-009 & # 2329-002-010 BEING SOLD TOGETHER HAVE INITIAL DRAWINGS FOR A 60 UNITS ( 1 BEDROOM UNITS ) LOW INCOME HOUSING FOR THE ELDERLY.
Highly desirable neighborhood in Valley Glen! We are excited to present this oversized hard to find Land that is 10,070 square feet and is ready for the wonderful home of your dreams. This is an amazing opportunity for an owner builder, an investor for income property or a developer to come in and start building without the hassle of buying a tear down. Property has improvements already done including a new sewer line, new sidewalk, vinyl fencing on the sides and a new driveway. Under California’s SB 9, you have the opportunity to build up to four units on this lot, making it an ideal choice for maximizing your investment. Imagine creating a duplex with two Accessory Dwelling Units (ADUs), each offering 800 square feet of living space. These units can be designed as either attached or detached, allowing you to tailor the layout to your vision and market demand. Additionally, the seller is offering seller financing, making it easier than ever to seize this opportunity. Don’t miss your chance to capitalize on this unique investment in a growing area!
Highly desirable neighborhood in Valley Glen! We are excited to present this oversized hard to find Land that is 10,070 square feet and is ready for the wonderful home of your dreams. This is an amazing opportunity for an owner builder, an investor for income property or a developer to come in and start building without the hassle of buying a tear down. Property has improvements already done including a new sewer line, new sidewalk, vinyl fencing on the sides and a new driveway. Under California’s SB 9, you have the opportunity to build up to four units on this lot, making it an ideal choice for maximizing your investment. Imagine creating a duplex with two Accessory Dwelling Units (ADUs), each offering 800 square feet of living space. These units can be designed as either attached or detached, allowing you to tailor the layout to your vision and market demand. Additionally, the seller is offering seller financing, making it easier than ever to seize this opportunity. Don’t miss your chance to capitalize on this unique investment in a growing area!
We proudly presents 6167 Sylmar Ave, also known as 14401 Calvert St, a 22,529 square foot corner lot in the heart of Van Nuys. The property is located just a block away from City Hall and is surrounded by a neighborhood undergoing redevelopment. Situated at 6167 Sylmar Ave, the property is currently a parking lot located on the northwest corner of the intersection of Sylmar St and Calvert St. The corner location, along with 150 feet of frontage on both Sylmar Ave. and Calvert St, offers tremendous flexibility in design and parking accommodation for future homes. The property takes advantage of the recently up-zoned TOC Tier 4 and the Qualified Opportunity Zone designation of this QC2-2D-CDO Lot, maximizing its potential for future development in this growing and improving area. A savvy developer could build 112 units by right or utilize TOC and density bonus benefits to build 204 units. The lot is near many government buildings, providing easy access to potential future tenants with good incomes. Furthermore, its proximity to the LA Sheriff's Department and LAPD offers a sense of safety. Downtown Van Nuys is experiencing growth with job opportunities and rapid transit options, including the potential Metro Light Rail Project along Van Nuys Blvd, connecting the Orange Bus Line to the south and the City of San Fernando to the north, and possibly linking to the Sepulveda Pass Transit Corridor. Metro staff are recommending a 9.2-mile light rail line between the Orange Line's Van Nuys Station and the Sylmar/San Fernando Metrolink Station for the East San Fernando Valley Transit Corridor project. The Metro Board of Directors will consider adopting light rail as the "locally preferred alternative" at their next meeting. The new rail line would run mostly down the center of Van Nuys Boulevard and along the San Fernando railroad right-of-way, adjacent to San Fernando Road. The line would have 14 stations with an end-to-end travel time of 31 minutes. Metro staff determined that light rail was faster, offered more capacity and would better serve the community in the future than bus rapid transit (BRT), the other type of transit under study for the project. Van Nuys Boulevard is the second-busiest bus corridor in the San Fernando Valley and seventh-highest in the Metro system. The rail line would also offer transfers to/from the Orange Line, several busy Metro bus lines, Metrolink, Amtrak and two future Metro projects the Sepulveda Transit Corridor rail line and the North San Fernando Valley BRT line.
The median home value in Van Nuys, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Van Nuys, CA is $912,500. Approximately 33.96% of Van Nuys homes are owned, compared to 58.13% rented, while 7.92% are vacant. Van Nuys real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Van Nuys real estate agent to arrange a tour today!
Van Nuys 91401 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.