Van Nuys, CA91405
| 1264 sqft | MLS# DW25023556
Tract:
For Sale $949,900
Description
Large lot, two separate buildings, room to add and improve the property for value appreciation. Front 3 bd 2 bathrooms, separate building two 1 bd 1 bathroom units, ready for a new owner to renovate and/or choose their own tenants. -- Value-add potential by legalizing non-conforming spaces and/or adding ADU units.* -- High development potential for a lot size of 8,971 Sq Feet. Property is a duplex on title and use as 3 units, sold on an as-is where-is basis. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only. There are numerous potential uses of an ADU, such as rental income, multi-generational living, or guest accommodations. For multifamily properties, you might be allowed to convert up to 25% of the existing dwelling units into ADUs within existing space or build up to two detached ADUs. Note that new legislation, SB 1211, might expand opportunities for multifamily lots to construct up to eight detached ADUs. While lot size plays a role in overall development, the number of ADUs permitted on a single-family lot in Los Angeles is not solely determined by the lot square footage like in this property 8,971 sq ft lot.
Facts
| Built in 1953 | Lot Size: 8971.00 sqft | HOA Dues: $0/month
Features
Listing provided by Ricardo Munoz, Excellence RE Real Estate
Based on information from California Regional Multiple Listing Service, Inc. as of July 2, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.