Property Detail

Description

Land Development Opportunity Prime Van Nuys Location Unlock the potential of a rare multifamily development opportunity in the heart of Van Nuys, one of Los Angeles fastest-growing neighborhoods. This strategically located parcel offers an ideal canvas for a modern apartment complex, appealing to both developers and investors seeking to meet the rising demand for housing in the San Fernando Valley. Property Highlights: Central Van Nuys Location Situated near major transit corridors, employment hubs, shopping, dining, and civic services. Excellent walkability and easy freeway access (101, 170, 405). Generous Lot Size 19,490 sqft Flat and buildable with favorable zoning for high-density residential (check with city for TOC or Density Bonus incentives). Development Potential Ideal for a 45 story apartment building with underground parking. Potential for 50100+ units, depending on design and entitlements. (Est: TOC 55 units. ED1 88 Units- potential to do more. ) Transit-Oriented TIER 3 Close to the Van Nuys Metro Station and future Sepulveda Transit Corridor, enhancing long-term value and rental appeal. Thriving Residential Demand Van Nuys is undergoing revitalization, with rising rental rates and continued migration from central Los Angeles. Utilities Available All major services onsite or nearby, reducing upfront infrastructure costs. Whether you're looking to create luxury apartments or a mixed-income project, this land offers a rare and valuable foothold in a high-demand market. Act now to shape the future of Van Nuys living. Broker/Broker's agents/Seller do not repre