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6948 N Woodman Ave
Van Nuys, CA 91405
Elham Khani with Coldwell Banker Realty, original listing - (310) 820-6651

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Property Details


List Price: $2,980,000
Beds: 100
Baths: --
Status: Active
SqFt: --
Agency: Coldwell Banker Realty
Agency Phone: (310) 820-6651

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Description/Comments


Lot Size: 0 acre(s)
Property Type: Residential Multi Family-Other
Year Built: 2024
Notes: Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. **Unlimited Density**: A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. **49 Units**: A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. **RTI Ready**: The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
MlsNumber: --
ListingId: 24-443865


Listing Provided By: Coldwell Banker Realty, original listing
Phone: (310) 820-6651
Office Phone: (310) 820-6651
Agent Name: Elham Khani
Disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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