ASK MARVA TO PREPARE AN OFFER
Additional details
$ 1,595,000
Est. payment | /mo
0.25 Acres Lot
$ 1,595,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26103044
Lot Size 0.253 Acres
Acres 0.1266
Property Description
JUST LISTED! Exceptional opportunity to acquire an approximately 11,095 SF flat corner development site in Van Nuys, offered at $1,595,000 (approximately $144/SF). Zoned RD1.5 and located within TOC Tier 3, the property offers excellent potential for multifamily development. Located within CHIP's Transit Oriented Incentive Area (TOIA) Tier 2, offering potential development incentives for qualifying mixed-income housing projects. The site should clear SB 8 and may also be a candidate for 100% affordable housing development under Executive Directive 1 (ED 1), subject to City review and buyer verification. Located within a Qualified Opportunity Zone, offering potential federal tax incentives for qualifying investments. The property consists of vacant, level land with no tenant relocation or demolition costs. Conveniently located near major freeways, employment centers, shopping, dining, and other amenities throughout the San Fernando Valley. Ideal opportunity for developers and investors seeking a well-positioned infill development site with multiple potential development strategies. Buyer to independently verify zoning, entitlements, development capacity, SB 8 status, CHIP/TOIA incentives, ED 1 eligibility, Opportunity Zone benefits, and all other property information with the appropriate agencies.
Location
State CA
County Los Angeles
Area East Van Nuys
Zoning LARD1.5
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS