Save to Favorites
PRICE $1,075,000 dsIDX morgage calculator
BEDS n/a
LOT SIZE 7,502 sqft

Location, Location ,location The whole street is under construction with brand new apartments with great rental ,you must see the street to understand the potential .This is the last Rti land.New update ((((( ****you can apply for a supplemental to increase to 12 units and during the construction apply for decrease the three low incomes to two unit please consult with city for all the details ****)))) Investors and builders this is a great opportunity to take advantage of this gem and build a great investment property in a great area of Van Nuys near Encino, Costco, Luxury Car Dealerships, Police station and Lake Balboa .If you go to the street everyone is building new apartment buildings therefore in the next couple years the whole Street will have modern buildings which will boost the prices further up. 11 unit 4 story story luxury condominium 13797 sf Residential plus 4684 sf of parking ready to be built plans and permits are ready for lucky builder . 4 one bed one bath,3 two bed two bath and 4 one bed plus big den with one bath.******because three units goes to low income two one bedrooms and one two bedrooms you don’t t need to do subterranean parking which will save you a lot of money on construction ****** Roof deck for entertainment ,barbecue area and much more .**The project can be built as a condominium or apartment building your choice**Buyer and Buyer's Agent to Verify all information themselves as information here has been provided by the Assessors, Builder and information from the plans available for review on this Listing.This is a 1031 exchange with no cost to the Buyer.

Prior to Oct 12, '22 $1,200,000
Oct 12, '22 - Oct 23, '22 $1,201,000
Oct 23, '22 - Today $1,202,000

Login to view Additional Details


*Estimate only

We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Ramsey - Shilling to contact you even if your name is on a Federal or State "Do not call List".

Listed with Luxuryhouses

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/24 6:13 AM PST and /or other sources. 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

This IDX solution is (c) Diverse Solutions 2024.