6961 Van Nuys Boulevard
Van Nuys, CA 91405
0.46 acres | #SR25061764
Description
The property is currently home to an auto body shop and a couple of rental units that poses a fantastic development opportunity to build a high-density mixed-use project. Using LA's newly passed Citywide Housing Incentive Program (CHIP) and AB 1287, a developer has the potential to build over 75,000 square feet and over 110 apartments by building a mixed-income project. Additionally, using newly reformed Memo 143 for ADU additions, this unit count would be able to reach over 130 apartments. The newly passed CHIP also has very limited parking requirements, is not subject to hearing or appeals, and is eligible for CEQA streamlining, creating a unique opportunity for a high-density development in a high demand area.
A brief overview is attached showing potential development scenarios. These scenarios utilize CHIP, AB1287 and Please note a developer would have to set aside portions of the project for low-income units.
Buyer's Responsibility for Due Diligence
The Buyer Acknowledges and agrees that the Buyer shall conduct its own independent investigation, due dilligence, and evaluation of the property. The
buyer shall not rely on any assumptions or other information provided.
The report was prepared by a reputable land use consultant, and if you are looking for more information, we can provide you with his contact information to set up a consultation
Property Details
- Utility FeaturesElectricityConnected, WaterAvailable
- Lot DescriptionCornerLot, StreetLevel
- CountyLos Angeles
- MLS #SR25061764
- MLS #SR25061764
- Property TypePurchase
- Property SubtypeBusiness
- Utility SourcePrivate
- Cost3499000
- Acres0.4642
- Original List Price$3,499
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Janet Aguilera (#F207020092)
Listing Office: Coldwell Banker Quality Properties (#FF7000760)
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