***RTI received. All plans have been approved.***We proudly present 6640 Kester Ave, a corner lot in the heart of Van Nuys, centrally located and close to retail, government offices, schools, and businesses. The plans for this development feature 12 state of the art apartments, designed for easy condo conversion. Residential units total 21,512 square feet, and consist of 9 3-bedroom + 3-bathroom units, and 3 2-bedroom + 2-bathroom units, with an average unit size of 1,330 square feet. On grade parking garage is 4,320 square feet, and features 19 parking spaces. Additionally, there is a 550 square foot recreation room with a bathroom, opening out to the outdoor common open space at the rear yard. This property is attractive for investors and developers eager to take advantage of this area’s high demand for housing and ongoing development initiatives, with potential strong and stable returns. Metro’s projected plans for the construction of new rail lines connecting multiple parts of the City, makes this a desirable hub for renters or buyers alike.
We are proud to present for sale a rare Vacant Lot, measuring over an Acre, with Entitlements for an 85-Unit 100% Affordable Housing Project in Van Nuys! At around 45,700 SF of open land, this price pencils to around $100 PSF on the dirt! Situated with an entrance on Sherman Way but sitting behind a duplex fronting the boulevard, this property will benefit from visibility on a busy road, but separation from the hustle and bustle of the street traffic. Sandwiched between Woodman Ave. and Hazeltine Ave., the property is under two miles from the Metrolink Station. The property is labeled as TOC 1. Walk Score calls this area Very Walkable, and future residents will benefit from restaurants, shopping and markets all around, including a Ralphs Supermarket and a Norms Restaurant half a block away. Entitlements are approved as Affordable Housing without utilizing ED1. The Project will be delivered in it's as-is condition, and will not be delivered RTI. Buyers to be solely responsible for continuing with the project and getting LADBS approvals. The Entitlements call for 80% of the units (67 units) designated as Low Income / Schedule 9, 20% of the units (18 units) as Moderate Income / Schedule 6, and one manager's unit. The Type V design consists of 53 one bedrooms, 14 two bedrooms and 19 studios, with laundry rooms on each floor, 72 surface level parking spaces open to the sky, an elevator and rooftop access. There is a future possibility to convert part of the massive open-to-the-sky surface parking lot into ADUs.
Great opportunity to complete this 12 unit project! Includes 11-unit apartment building featuring mix of eight 1-BR and three 2-BR units in an approximately 15,000 sqft building, as well as a 583 sqft 1-BR ADU. Underground plumbing, foundation, and some of the garage level structure have been completed. Call listing agent for more details.
Presenting 6904-6910 De Celis Place, a unique multi-family development opportunity in Van Nuys consisting of four contiguous single-family lots totaling 49,688 sq. ft. Per Crest Real Estate report (available upon request), the General Plan designates the property's Land Use category as Low Medium II Residential, which allows the property to change its zoning to either RD1.5, RD2, RW2, or RZ2.5 without the need to obtain approval via a General Plan Amendment. A builder can develop 34 units by right and up to 68 1,500 sq. ft units on the site by leveraging development density bonus provisions. The development site is centrally located in Van Nuys, one of the most densely populated areas in the San Fernando Valley. Home to landmarks such as the Van Nuys Airport and the Valley Municipal Building, Van Nuys has strong socio-economic indicators and above-average public schools, several parks, coffee shops, and restaurants, making it a compelling area for development.
Unlock the massive amount of potential of this spacious 10,604 sq ft corner lot located in the heart of Van Nuys. Zoned LARD1.5 with a large portion of the lot empty, there are a multitude of potential strategies for developers and investors. Build 3 duplexes, demolish one existing bungalow and convert the north most bungalow into an ADU. Demolish both existing structures and build 3 duplexes plus an attached ADU (7 units total). Leave both existing structures and build a duplex on the front of the lot with an attached ADU. Do an ED-1 project and build 30-45 units, depending on unit size. The 2 2-bedroom 1-bath bungalows that sit on the northern end are currently bringing in $3,450 a month. The possibilities are truly endless. Don't miss out on this incredible opportunity.
We are pleased to present an 11,314 square foot RTI development site located at 7005 N Woodley Avenue in Van Nuys, California. The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue. This offering is positioned a one (1) large corner lot totaling 11,314 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right, a maximum height of 45 feet by-right, and a FAR of 3:1 by-right. Additionally, this offering is fully entitled utilizing the city Density Bonus incentive program, allowing for a 35% bonus to unit count and FAR, twenty-one (21) RTI units and 4.05:1 respectively, and a height increase to 56 feet. There are thirty-five (35) total parking spots in the plans, with ten (10) on-grade and twenty-five (25) on one level subterranean. The plans also include a rooftop deck common area, and four (4) recreation rooms with layouts that are nearly identical to their adjacent one-bedroom unit counterparts, making these recreation rooms a breeze to convert into ADU units. Totaling twenty-five (25) units after ADU conversion, the unit mix is great and consists of thirteen (13) one-bedroom / one-bathroom units, four (4) one-bedroom / one-bathroom ADU units, and eight (8) two-bedroom / two-bathroom units. In accordance with the Density Bonus program, one (1) one-bedroom and one (1) two-bedroom unit are set aside for very low income. Situated in a solid Van Nuys location, this offering presents an excellent opportunity for any developer to capitalize on a fully RTI development site in one of the most populous municipalities in Los Angeles.
Rare find! Two properties being sold together. 6803 Matilija Ave. and 13815 Vanowen St. a corner lot. Currently stands a Single Family Residential and Multi Residential of 8 units, living area of 4524 SF. all units are occupied bringing income while working on RTI . Desirable ares of Van Nuys, close to all. Investors and Developers dream property, Total lot size 19750 SqFt. Zoning RD1.5 . Single family residence is 3bd, 3bth, living are 1,636 SF. Call for more details. Don't miss this gem. Priced for value of land and potential. Check Supplement. RTI Plan of 87 units , 5 story, low income buyer to continue plans and permit. Seller to do 1031 exchange.
Incredible opportunity to build units! Property comes with fully approved plans for 10 units. Plans available upon request. This large 22,000sf lot can also be developed into a MASSIVE affordable housing project. >>>Delivered VACANT >>Delivered with RTi PLANS!!!<<< Optional seller financing with a $1M down payment. Several other multifamily projects available for review by texting my team at: 818 873 3863 Disclosure: Listing agent has an ownership interest in the property.
We proudly presents 6167 Sylmar Ave, also known as 14401 Calvert St, a 22,529 square foot corner lot in the heart of Van Nuys. The property is located just a block away from City Hall and is surrounded by a neighborhood undergoing redevelopment. Situated at 6167 Sylmar Ave, the property is currently a parking lot located on the northwest corner of the intersection of Sylmar St and Calvert St. The corner location, along with 150 feet of frontage on both Sylmar Ave. and Calvert St, offers tremendous flexibility in design and parking accommodation for future homes. The property takes advantage of the recently up-zoned TOC Tier 4 and the Qualified Opportunity Zone designation of this QC2-2D-CDO Lot, maximizing its potential for future development in this growing and improving area. A savvy developer could build 112 units by right or utilize TOC and density bonus benefits to build 204 units. The lot is near many government buildings, providing easy access to potential future tenants with good incomes. Furthermore, its proximity to the LA Sheriff's Department and LAPD offers a sense of safety. Downtown Van Nuys is experiencing growth with job opportunities and rapid transit options, including the potential Metro Light Rail Project along Van Nuys Blvd, connecting the Orange Bus Line to the south and the City of San Fernando to the north, and possibly linking to the Sepulveda Pass Transit Corridor. Metro staff are recommending a 9.2-mile light rail line between the Orange Line's Van Nuys Station and the Sylmar/San Fernando Metrolink Station for the East San Fernando Valley Transit Corridor project. The Metro Board of Directors will consider adopting light rail as the "locally preferred alternative" at their next meeting. The new rail line would run mostly down the center of Van Nuys Boulevard and along the San Fernando railroad right-of-way, adjacent to San Fernando Road. The line would have 14 stations with an end-to-end travel time of 31 minutes. Metro staff determined that light rail was faster, offered more capacity and would better serve the community in the future than bus rapid transit (BRT), the other type of transit under study for the project. Van Nuys Boulevard is the second-busiest bus corridor in the San Fernando Valley and seventh-highest in the Metro system. The rail line would also offer transfers to/from the Orange Line, several busy Metro bus lines, Metrolink, Amtrak and two future Metro projects the Sepulveda Transit Corridor rail line and the North San Fernando Valley BRT line.
Van Nuys is located in California.
