$4,000,000 Price Analysis   ♡   Van Nuys, CA 91401 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.52 acre lot. Listed 2024-07-09, Taxes $3,987 | Ⓧ USDA Ineligible due to property near Kester |
We proudly presents 6167 Sylmar Ave
Also known as 14401 Calvert St, a 22, 529 square foot corner lot in the heart of Van Nuys. The property is located a block away from City Hall and is surrounded by a neighborhood undergoing redevelopment. Situated at 6167 Sylmar Ave, the property is currently a parking lot located on the northwest corner of the intersection of Sylmar St and Calvert St. The corner location, along with 150 feet of frontage on both Sylmar Ave. and Calvert St, offers tremendous flexibility in design and parking accommodation for future homes. The property takes advantage of the recently up-zoned TOC Tier 4 and the Qualified Opportunity Zone designation of this QC2-2D-CDO Lot, maximizing its potential for future development in this growing and improving area. A savvy developer could build 112 units by right or utilize TOC and density bonus benefits to build 204 units. The lot is near many government buildings, providing easy access to potential future tenants with good incomes. Furthermore, its proximity to the LA Sheriff's Department and LAPD offers a sense of safety.
Downtown Van Nuys is experiencing growth with job opportunities and rapid transit options, including the potential Metro Light Rail Project along Van Nuys Blvd, connecting the Orange Bus Line to the south and the City of San Fernando to the north and possibly linking to the Sepulveda Pass Transit Corridor. Metro staff are recommending a 9.2-mile light rail line between the Orange Line's Van Nuys Station and the Sylmar/San Fernando Metrolink Station for the East San Fernando Valley Transt Corridor project. The Metro Board of Directors will consider adopting light rail as the locally preferred alternative at their next meeting. The new rail line would run mostly down the center of Van Nuys Boulevard and along the San Fernando railroad right-of-way, adjacent to San Fernando Road. The line would have 14 stations with an end-to-end travel time of 31 minutes. Metro staff determined that light rail was faster, offered more capacity and would better serve the community in the future than bus rapid transit (BRT), the other type of transit under study for the project. Van Nuys Boulevard is the second-busiest bus corridor in the San Fernando Valley and seventh-highest in the Metro system. The rail line would also offer transfers to/from the Orange Line, several busy Metro bus lines, Metrolink, Amtrak and two future Metro projects the Sepulveda Transit Corridor rail line and the North San Fernando Valley BRT line.
Presented by Filip Niculete at
Marcus & Millichap.
Property MLS #24-413029 from TheMLSCLAW
Lot Size Dimensions: 150x150
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 22536
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Current Use: Parking Lot
Directions: 14401 Calvert St
Source Property Type: Land
Possible Use: Can Build 112 Units by Right, or204 Units with Tier 4 TOC
Area: East Van Nuys
Source Neighborhood: East Van Nuys
Parcel Number: 2240-005-008
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $40,778 + $171,860 $212,638 | $3,987 |
| 2021 | $39,979 + $168,491 $208,470 | $3,959 |
| 2020 | $39,570 + $166,764 $206,334 | $3,984 |
| 2019 | $38,795 + $163,495 $202,290 | $3,883 |
| 2018 | $38,035 + $160,290 $198,325 | $3,393 |
| 2017 | $37,290 + $157,148 $194,438 | $3,337 |
| 2016 | $36,559 + $154,067 $190,626 | $3,290 |
| 2015 | $36,010 + $151,753 $187,763 | $3,256 |
| 2014 | $35,305 + $148,781 $184,086 | $3,297 |
| 2013 | $35,146 + $148,109 $183,255 | $3,297 |
| 2012 | $34,457 + $145,205 $179,662 | $3,328 |
| 2010 | $33,782 + $142,358 $176,140 | $17,350 |
| 2009 | $33,610 + $141,631 $175,241 | $3,197 |
| 2009 | $3,000 + $1,280,000 $1,283,000 | $3,197 |
| 2008 | $32,951 + $138,854 $171,805 | $3,102 |
| 2007 | $32,305 + $136,132 $168,437 | $3,036 |
$0
TheMLSCLAW
Listed 2024-07-09
$4,000,000
TheMLSCLAW
Sold 2024-03-29
$1,350,000
Public Record
Listed 2021-03-17
$5,500,000
TheMLSCLAW
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.