6948 N Woodman Avenue, Van Nuys, CA 91405
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Listed Price :
$2,980,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property Description
Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. **Unlimited Density**: A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. **49 Units**: A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. **RTI Ready**: The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
6948 N Woodman Avenue |
| City |
Van Nuys |
| State |
CA |
| Zip |
91405 |
| County |
Los Angeles |
| Listing Agent |
Elham Khani DRE #01989596 |
| Co-Listing Agent |
Lily Laadan Vosough DRE #02029432 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$2,980,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
19,961 |
Listing information courtesy of: Elham Khani, Lily Laadan Vosough, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:04 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
