$2,300,000

Estimated payment $15,027/month

Total Views 2,060
0.47 Acre
$4,851,297 Price per Acre
20,652 Sq Ft Lot

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.

Listing Agent

Casey Picard

Keller Williams Realty License #01921866 Listed on: 06/04/2025

Keller Williams Realty

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

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Assessments: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Zoning: LAR3
  • Property Type: Land
  • Parcel Number: 2234004026
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 111.38

Exterior Features

  • Fence: No

Utilities

  • Sprinklers: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 20650.00
  • Lot Size Acres: 0.4741

Multi Family

  • Lot Size Area: 20650.0000 Square Feet

Tax Info

  • Tax Tract: 1000
  • Tax Tract Number: 127...

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22596

Pasadena-Foothills Association of REALTORS®