6948 WOODMAN Avenue, Van Nuys, CA 91405
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Listed Price :
$3,295,000
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Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
Property Description
Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Interior Information |
Cooling Type |
None |
Listing Information
Address |
6948 WOODMAN Avenue |
City |
Van Nuys |
State |
CA |
Zip |
91405 |
County |
Los Angeles |
Listing Agent |
Elham Khani DRE #01989596 |
Co-Listing Agent |
Lily Laadan Vosough DRE #02029432 |
Courtesy Of |
Coldwell Banker Realty |
List Price |
$3,295,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
19,961 |
Listing information courtesy of: Elham Khani, Lily Laadan Vosough, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of May 4th, 2024 at 5:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.