Ellie Khani
This listing was posted on RealtyWW.
$3,295,000
Plot For Sale In Van Nuys, California
Price:
$3,295,000
Location:
6948 N Woodman Ave, Van Nuys, CA
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.For more details: https://realtyww.info/land-lots_van-nuys-d102736/for-sale_i71161316
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More About this Listing: Plot For Sale In Van Nuys, California
Plot For Sale In Van Nuys, California is a Land for Sale at 6948 N Woodman Ave in Van Nuys CA. Find other listings like Plot For Sale In Van Nuys, California and listings near 6948 N Woodman Ave by searching Oodle Classifieds for Land for Sale in Van Nuys CA.
Plot For Sale In Van Nuys, California is a Land for Sale at 6948 N Woodman Ave in Van Nuys CA. Find other listings like Plot For Sale In Van Nuys, California and listings near 6948 N Woodman Ave by searching Oodle Classifieds for Land for Sale in Van Nuys CA.