13918 Valerio Street,Van Nuys, CA 91405
Van Nuys, CA 91405
Description
Spacious Lot with Development Opportunity - Ideal for Investors or Owner-Occupants This property sits on a generous 8,971 sq ft lot and features two separate structures offering significant potential for improvement and value appreciation. The front building includes a 3-bedroom, 2-bathroom unit, while the rear structure consists of two 1-bedroom, 1-bathroom unitsproviding flexible living or rental options. With value-add potential, new ownership could renovate, select new tenants, or explore additional income opportunities. There is the possibility to legalize existing non-conforming spaces and/or add ADUs.* Key Features: Zoned as a Duplex, currently used as three units Ideal for investors seeking rental income or redevelopment Excellent potential for adding detached ADUs or converting existing space* Sold as-is, where-is Recent California legislation, such as SB 1211, may allow up to eight detached ADUs on multifamily lotsoffering exciting possibilities for expansion. While lot size contributes to development feasibility, in Los Angeles, the number of permitted ADUs is not solely based on square footage. Whether for multigenerational living, guest accommodations, or additional rental income, the options are numerous.* *Buyer to perform their own due diligence. All information provided is deemed reliable but not guaranteed and is for reference purposes only.
Details
| MLS # | DW25023556 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 140 |
| Listing Provided By | Excellence RE Real Estate | Ricardo Munoz |
Features
| SQ Feet | 1,264 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LAR1 |
| Acreage | 0.21 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Parking Features | Driveway |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Taxes
| Property | 3562 |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
