Average square foot calculated using Size range provided by listing agent.
Description
This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20, 650 square foot lot, with a total rental unit space of +/-6, 870 square feet. Currently, there are four vacant units that upon lease up will be generating a monthly income of $16, 708, the property includes two single-family homes alongside the six-unit apartment complex that have been outfitted with all copper plumbing and newer roofs. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.Show Description
MLS® NumberP1-22597
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1956
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNone
A/CNone
Heating Fuel
Extras
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