5934 Murietta Avenue
Van Nuys, CA 91401
1097 sqft | 3 beds | 1.5 baths | 0.16 acres | #24412013
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.
Property Details
- Property SubtypeSingleFamilyResidence
- CountyLos Angeles
- ViewCityLights
- Original List Price$1,300,000
- Property TypePurchase
- MLS #24412013
- MLS #24412013
- Cost1150000
- Acres0.1611
- Square Feet1097
- Year Built1948
- Bathrooms1.5
- Bedrooms3
- Full Baths1
- Half Baths1
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Davis Saadian (#CLW-C114727)
Listing Office: KW Advisors (#CLW-X74717)
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