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$ 1,399,000
Est. payment | /mo
4 Beds
2 Baths
0.28 Acres Lot
$ 1,399,000
Est. payment | /mo
4 Beds
2 Baths
0.28 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR26237547
Bedrooms 4
Lot Size 0.279 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
"LAND VALUE OPPORTUNITY | INCOME-PRODUCING PROPERTY | DEVELOPMENT POTENTIAL l PLANS FOR AUTO BODY SHOP WITH SPRAY BOOTH" Exceptional opportunity for investors, developers, and owner-users! Situated on an approximately 12,135-square-foot lot in Van Nuys, this property offers a compelling combination of current rental income and future development potential. Currently tenant-occupied and generating $4,000 per month in rental income ($48,000 annually), the property provides income while buyers explore their long-term plans. The seller has approved plans for an auto body shop, offering a potential path forward for buyers interested in an automotive-related business. Beyond the existing plans, the propertys land value and location present an opportunity for buyers to explore alternative development concepts and potential uses, subject to applicable zoning, approvals, and governmental requirements. Whether pursuing an automotive facility, evaluating other permitted uses, or holding the property as an income-producing investment, buyers can explore a range of possibilities to suit their investment strategy. Conveniently located in the San Fernando Valley near Van Nuys Airport, major thoroughfares, and the 405 Freeway, this property offers an attractive opportunity for those looking to invest in land with existing income and future potential. Bring your vision and explore the possibilities! Buyer to independently verify all property information, rental terms, income, zoning, permitted uses, existing plans, approvals, permits, and development potential with the appropriate parties a
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Sherman Way & West of Woodley Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 2205028018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Aziz Molai, DRE#00893798 Keller Williams Realty-Studio City
Nearby Locations
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