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Listed by Casey Picard • Keller Williams Realty
$2,300,000
Est. payment /mo
0.47 Acres Lot
Active
15624 Vanowen ST Van Nuys, CA 91406
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-22597
Year Built 1956
Lot Size 0.474 Acres
Source California Regional MLS
Property Description
This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that upon lease up will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex that have been outfitted with all copper plumbing and newer roofs. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Rooms
Kitchen None
Interior
Heating No Heating
Cooling None
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 11.0
Pool 31, None
View None
Others
Tax ID 2234004026
Special Listing Condition Not Applicable
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