5934 Murietta AVE Active Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91401
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,097 sqft
Price per Sqft $1,048
MLS Listing ID 24412013
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1948
Lot Size 7,017 Sqft
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.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LARD1.5
Rooms
Other Rooms Shed(s)
Ensuite Laundry Inside
Interior
Laundry Location Inside
Flooring Wood
Fireplaces Type None
Laundry Inside
Exterior
Garage Driveway
Pool None
View Y/N Yes
View City Lights
Building
Story 1
New Construction No
Others
Special Listing Condition Standard