5934 Murietta Avenue, Van Nuys, CA 91401
- $1,000,000
- 3
- BD
- 2
- BA
- 1,097
- SqFt
List Agent Davis Saadian () 310-402-8958 KW SELA; CoList () Courtesy of Selling Office: KW SELA, Davis Saadian - Selling Agent DRE# and Courtesy of Listing Office KW SELA, Davis Saadian - Agent DRE#
- Sold Price
- $1,000,000
- List Price
- $1,150,000
- Closing Date
- Jan 02, 2025
- Status
- CLOSED
- MLS#
- 24412013
- Year Built
- 1948
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,097
- Lot Size
- 7,017
- Days on Market
- 18
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
We pleased to present the opportunity to acquire this rare 7,015 SF lot development opportunity located in the highly desirable Valley Glen neighborhood, and just about two blocks to the Van Nuys Transit station. The site offers a zoning ordinance of LARD-1.5, which makes the site an attractive opportunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. The site is eligible to build up to thirty-five (35) affordable apartment units. There is a 3-bedroom + 1.5-bathroom single-family residence currently on the lot, which will be delivered 100% vacant. This is a high-demand rental location within close proximity to the Van Nuys Courthouse, restaurants, shops, and Valley college. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.
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Additional Information
- Other Buildings
- Shed(s)
- Appliances
- Dishwasher, Disposal, Refrigerator, Dryer, Washer
- Pool Description
- None
- View
- City Lights
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Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.