$3,599,000
0.46 Acre Lot
19,961 Sqft Lot
Status Active
Property Type Land
Price Type
Days on Website 101

Property Map

$3,599,000 – 6948 N Woodman Avenue, Van Nuys, CA 91405

Street View

Courtesy of Coldwell Banker Realty, Elham Khani. IDX Contact: 310-820-6651

Description

RTI is ready! IN VAN NUYS One of the most LA’S desirable area for new multifamily and office building. Amazing investment opportunity for knowledgeable investors and developers. 23 Units Luxury Apartment Building RTI ready (31,150Sqft)+ ONE ADU (1,200Sqft)The 31,150 Sqft project contains an Excellent unit mix: twenty 2 Br+ 2Baths and three 3Br+ 2 Baths (2 units low income). The investors can enjoy the Projected gross income of $796,536 per year. Drive-by existing property, which is a Nursery that is on a month-to-month lease for $5,000. Lot Size: 19,961 Sqft, R3 Zone: 173′ x 97-21’= 16,817.33 Sqft + R1 Zone: 32′ x 97-21’= 3,151.3 Sqft . Market Rent/SF = 2.58 PSF ave, Parking Area: 14,566 Sqft, Number of Parking = 36, Average unit size = 1,132 Sqft

Property Details and Features

Listing

  • 29 days on market
  • Listed on 2021-07-06

Location

  • County: Los Angeles

Lot

  • 19961 sqft
  • 0.45 acres
  • Area: 19961
  • Dimensions: 97×205

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