$1,300,000 Price Analysis   ♡   Van Nuys, CA 91401 3 bed 2 bath 1,097 SqFt ($1185/SqFt) 7,017SqFt lot. Built 1948 Listed 2024-07-08, Taxes $6,993 | Ⓧ USDA Ineligible due to price & location near Kester |
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 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 n 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.
Presented by Davis Saadian at
Carolwood Estates.
Property MLS #24-412013 from TheMLSCLAW
Full Bathrooms: 1
1/2 Bathrooms: 1
Laundry Features: Inside
Flooring: Hardwood
Lot Size Dimensions: 54x130
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7017
Parking Total: 5
Other Equipment: Range/Oven, Refrigerator, Recirculated Exhaust Fan, Dryer, Dishwasher, Washer, Freezer, Garbage Disposal
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: 5934 Murietta Ave | Van Nuys, 91401
Source Property Type: Residential
Area: Valley Glen
Source Neighborhood: Valley Glen
Parcel Number: 2246-002-001
Postal Code Plus 4: 3761
Zoning: LARD1.5
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $115,564 + $462,269 $577,833 | $6,993 |
| 2021 | $113,299 + $453,205 $566,504 | $6,907 |
| 2020 | $112,138 + $448,558 $560,696 | $6,976 |
| 2019 | $166,260 + $497,760 $664,020 | $6,702 |
| 2018 | $107,785 + $431,141 $538,926 | $6,601 |
| 2017 | $105,672 + $422,688 $528,360 | $6,455 |
| 2016 | $67,906 + $271,837 $339,743 | $4,185 |
| 2015 | $66,886 + $267,754 $334,640 | $4,124 |
| 2014 | $65,576 + $262,510 $328,086 | $4,145 |
| 2013 | $65,280 + $261,324 $326,604 | $4,145 |
| 2012 | $100,000 + $208,000 $308,000 | $4,046 |
| 2010 | $95,000 + $271,000 $366,000 | $4,801 |
| 2009 | $122,763 + $351,774 $474,537 | $5,942 |
| 2009 | $95,000 + $271,000 $366,000 | $5,942 |
| 2008 | $120,356 + $344,877 $465,233 | $5,686 |
| 2007 | $117,997 + $338,115 $456,112 | $5,500 |
$1,300,000
TheMLSCLAW
Sold 2016-03-31
$518,000
ITECH
Listing removed 2016-01-10
$2,400
ITECH
Listed for rent 2016-01-05
$2,400
ITECH
Listed 2016-01-05
$450,000
ITECH
Listing removed 2013-09-03
$2,000
ITECH
Listed for rent 2013-08-01
$2,200
ITECH
Listing removed 2013-05-26
$2,000
ITECH
Listing removed 2012-06-22
$1,800
ITECH
Listed for rent 2012-06-07
$2,000
ITECH
Sold 2012-05-18
$320,500
Public Record
Listing removed 2012-04-25
$280,000
CRMLS
Listed 2012-04-21
$280,000
CRMLS
Sold 2003-08-27
$355,000
Public Record
Year Built: 1948
Common Walls: Attached
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 76
Levels or Stories: 1
Building Total Stories: 1
Structure Type: Attached
House Style: A-Frame
Year Built Source: Vendor Enhanced
Architectural Style: A-Frame
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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.