Van Nuys, CA91411
3 Bedrooms | 2 baths | 1572 sqft | MLS# 25509909
Tract:
For Sale $2,400,000
Description
The Developer's Dream project is here!! Located in a highly desirable, rapidly revitalizing area, this offering features three (3) undeveloped lots in an R1, an exceptional development opportunity. The lots measure 7,525 sq. ft, 5,612 sq. ft, and 5,612 sq. ft respectively. Currently, Lot 1 includes a remodeled 1,572 sq. ft, 3 Bed / 2 Bath single-family home which is vacant. Lot 2 -Vacant, and Lot 3 -Vacant. Subdivision plans and maps are finalized, with legal/APN numbers expected within the next several months. With SB9 regulations, these 3 parcels can create up to 12 homes. Whether you opt to rent or sell, the flexible use and strong market fundamentals promise solid inflation recovery for single-family homes. Just steps from major freeways, public transportation, grocery stores, and restaurants, this property is perfectly positioned for successful development. Bring your contractor and architect, this is your chance to build in a thriving market!
Facts
Single Family Residence | Built in 1939 | Lot Size: 19736.00 sqft | HOA Dues: $0/month
Features
Listing provided by Arthur Yoon, Redpoint Realty
Based on information from California Regional Multiple Listing Service, Inc. as of April 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.
