$3,195,000
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6948 WOODMAN Avenue Van Nuys, CA 91405
Cluster
Residence
Beds
5
Baths
...
Bed/Bath
32,359
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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, boa...sting 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.
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MLS#
24384959
Property Type
Cluster
Bathrooms
Year Built
2024
Square Feet
32,359
sq. ft
Lot Size
0.46
Sewer
Other
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