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Listed by Vartan Grigoryan • Treasure Capital Realty Inc
$2,695,000
Est. payment /mo
19,490 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 19,490 sqft
Price per Sqft $138
MLS Listing ID CRGD25135975
HOA Y/N No
Lot Size 0.447 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Land Development Opportunity – Prime Van Nuys Location Unlock the potential of a rare multifamily development opportunity in the heart of Van Nuys, one of Los Angeles’ fastest-growing neighborhoods. This strategically located parcel offers an ideal canvas for a modern apartment complex, appealing to both developers and investors seeking to meet the rising demand for housing in the San Fernando Valley. Property Highlights: Central Van Nuys Location – Situated near major transit corridors, employment hubs, shopping, dining, and civic services. Excellent walkability and easy freeway access (101, 170, 405). Generous Lot Size 19,490 sqft – Flat and buildable with favorable zoning for high-density residential (check with city for TOC or Density Bonus incentives). Development Potential – Ideal for a 4–5 story apartment building with underground parking. Potential for 50–100+ units, depending on design and entitlements. (Est: TOC 55 units. ED1 88 Units- potential to do more. ) Transit-Oriented TIER 3– Close to the Van Nuys Metro Station and future Sepulveda Transit Corridor, enhancing long-term value and rental appeal. Thriving Residential Demand – Van Nuys is undergoing revitalization, with rising rental rates and continued migration from central Los Angeles. Utilities
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
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