REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Samuel Woldeyesus • Compass
$ 1,099,000
Est. payment | /mo
10,107 Sqft Lot
$ 1,099,000
Est. payment | /mo
10,107 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25130493
Year Built 1955
Lot Size 10,107 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Rare LAR3 zoned development or value add income opportunity in a prime pocket of Van Nuys. This property features four 2 bed 1 bath cottage style units with three detached buildings offering private entries and attached 1 car garages. Sitting on an oversized 10107 square foot lot measuring approximately 50 feet wide by 202 feet deep. The rear unit has a large private backyard and will be delivered vacant which is ideal for an owner user or a premium tenant. All units are currently occupied on month to month leases with consistent paying tenants generating 6400 per month with market rents supporting approximately 9500 per month. There is meaningful upside potential for investors seeking immediate reposition opportunities. The units are separately metered for gas and electricity which adds operational flexibility for long term investors or owner users. For developers the oversized R3 lot supports approximately 12 units by right and up to approximately 20 units with TOC Tier 3 incentives which the buyer should verify. The depth of the lot provides excellent design flexibility for efficient massing site plans and potential ADU additions or small scale expansion which the buyer should verify. The property is located south of Victory Boulevard and east of Van Nuys Boulevard with close
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Laundry None
Exterior
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 2239013001
Special Listing Condition Notice of Default
© 2025 MLSListings Inc. All rights reserved.
GET MORE INFORMATION
Sam Spinella
Your Trusted Real Estate Guy | License ID: 01377658
+1(408) 393-9294 | sam@spinellagroup.com