0 Archwood ST, Van Nuys, CA 91406
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Tatiana Batmanian

Tatiana Batmanian

+1(818) 726-2663
$ 4,300,000
Est. payment /mo
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0 Archwood ST Van Nuys, CA 91406

1.17 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26216672

HOA Y/N No

Lot Size 1.167 Acres

Property Description

This 1.18 acre flat corner site is walking distance to one of Los Angeles' largest recreation amenities; Sepulveda Basin. The development of multiple residential product typologies are possible on the site. By leveraging a litany of land use entitlement options including SB1123, SB9, AB1751, etc. to execute various permutations of the "townhome" one can develop attractive for-sale or BTR product. Additionally, dense forms of deed restricted apartments leveraging state bonus density policy are possible. No trees, tenants, or structures exist on this rare flat corner site.

As one option to guide the market's expectation of yield, an architect versed in affordable housing has conducted a yield study affirming viability of a nearly 1:1 ratio grade-level parked (podium and surface) 132-unit type V apartment building with 132 comfortably sized units. Using the City's Affordable Housing Incentive Program (AHIP) the project will be ministerially processed using Expanded Administrative Review.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning R1-1

Interior

Fireplace No

Exterior

Community Features Biking, Dog Park, Street Lights, Urban, Valley

View Y/N Yes

View Hills, Valley

Building

Lot Description 0-1 Unit/Acre, 16-20 Units/Acre, 11-15 Units/Acre, 2-5 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre, 36-40 Units/Acre, 31-35 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Level, Over 40 Units/Acre, Rectangular Lot

Water Public

New Construction No

Others

Senior Community No

Tax ID 2231007025

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Francis Evanisko Evanisko Realty & Investment 213-200-6957, DRE #01790747
NEARBY SCHOOLS & PROPERTIES
Tatiana Batmanian

Tatiana Batmanian

Director, Estates Division License ID: 01986103

+1(818) 726-2663

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0 Archwood ST