Description
Developer Opportunity in Van Nuys! Positioned on an oversized 12,012 sq. ft. lot, this property offers an exciting chance to unlock meaningful residential density in a high-demand San Fernando Valley location. Ideal for builders, investors, and forward-thinking developers looking to capitalize on California's evolving housing legislation. Explore multiple potential development paths, including an SB 9 two-unit concept with ADU configurations that may support six or more units, or a possible SB 684/SB 1123 small-lot subdivision strategy with a path to up to 10 residences. Each scenario is subject to site design, zoning, subdivision standards, and City approval; SB 684/SB 1123 provides a streamlined path for certain qualifying urban residential projects of 10 or fewer units. This property has 2 driveways, perfect for separate entrances to the development. A standout opportunity to create a rental portfolio, build a boutique small-lot community, or secure a strategic infill-development site. Buyer to verify all zoning, unit count, and development potential with the City of Los Angeles.
Details
| MLS # | BB26183934 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1936 |
| Days On Site | 20 |
| Listing Provided By | Compass | Daniel Shalvardzhyan |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,641 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.28 |
| Property View | None |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $1,099,000 low | high Med: $579,000 sqft: 1,641 low | high Med: 1,220 $ / sqft: $670 low | high Med: $475 On site: 20 low | high Med: 163 | |
Market Activity 91405
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $1,099,000 low | high Med: $579,000 sqft: 1,641 low | high Med: 1,220 $ / sqft: $670 low | high Med: $475 On site: 20 low | high Med: 163 | |
