Presented for sale is an over half acre corner lot in the heart of Van Nuys. This property, a block away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. The corner lot, with 150 feet of frontage on both Sylmar Ave. and Calvert St., will allow for tremendous flexibility in design and accommodation of the parking & light for a future project. With a recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation, maximize the potential for a future build. If the aim is housing, 112+/- Units is very doable! Or utilize TOC & density benefits, and build 204+/- Units! Or make it a mixed use property! The lot is adjacent & close to many Government Buildings from which to draw future tenants with good incomes. Being across the street from the LA Sheriff Department & around the corner from the LAPD, that warm feeling of safety abounds. Consider the likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Lineto the City of San Fernando...and with a possible connection to the Sepulveda Pass Transit Corridor. At a little over $49k per buildable door by-right & NO RSO & NO ELLIS or relocation needs, this property is priced to sell. Seller Financing with attractive terms will be a requirement of sale. Also known as 6167 Sylmar Ave.
- Price:
- $5,500,000
- Acreage:
- 0.52
- Listing ID #:
- 21-706838
- Street Address:
- 14401 Calvert
- City:
- Van Nuys
- State:
- California
- Postal Code:
- 91401
- County:
- Los Angeles
- Community:
- East Van Nuys
- Listing Status:
- Active Under Contract
- Listing Type:
- Land
- Conforms To Zoning:
- [q]c2-2d-Cdo Tier 4
- Existing Land Use:
- Parking Lot
- Lot Square Footage:
- 22529
- Suitable Use:
- Build 112+/- By Right Or 204+/- By Toc. Or Mixed Use.
- Days On Market:
- 686
- Street Type:
- St
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Dario Svidler of Compass
