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David Martin

[email protected] +1(949) 877-2424

$ 1,150,000

Est. payment -/mo

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Active

5934 Murietta AVE Van Nuys, CA 91401

3 Beds

2 Baths

1,097 SqFt

UPDATED:

09/30/2024 06:31 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,097 sqft

Price per Sqft $1,048

MLS Listing ID 24412013

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1948

Lot Size 7,017 Sqft

Acres 0.1611

Property Description

We pleased to present the opportunity to acquire this rare 7,015 SF lot development opportunity located in the highly desirable Valley Glen neighborhood, and just about two blocks to the Van Nuys Transit station. The site offers a zoning ordinance of LARD-1.5, which makes the site an attractive opportunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. The site is eligible to build up to thirty-five (35) affordable apartment units. There is a 3-bedroom + 1.5-bathroom single-family residence currently on the lot, which will be delivered 100% vacant. This is a high-demand rental location within close proximity to the Van Nuys Courthouse, restaurants, shops, and Valley college. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.

Location

State CA

County Los Angeles

Area Vg - Valley Glen

Zoning LARD1.5

Rooms

Other Rooms Shed(s)

Ensuite Laundry Inside

Interior

Laundry Location Inside

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Garage Driveway

Pool None

View Y/N Yes

View City Lights

Parking Type Driveway

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 2246002001

Special Listing Condition Standard

Listed by Davis Saadian • KW Advisors

David Martin

Broker Associate | License ID: 01969118

+1(949) 877-2424

David Martin

5934 Murietta AVE Van Nuys, CA 91401

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5934 Murietta AVE