15624 Vanowen St Van Nuys, CA 91406
Lake Balboa NeighborhoodEstimated payment $15,027/month
About This Lot
This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.
Property Details
Property Type
- Land
Lot Details
- 0.47 Acre Lot
- No Sprinklers
- Property is zoned LAR3
Listing and Financial Details
- Tax Tract Number 127
- Assessor Parcel Number 2234004026
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/04/2025 06/04/25 | For Sale | $2,300,000 | -- | $335 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-22596

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