Location, Location ,location The whole street is under construction with brand new apartments with great rental ,you must see the street to understand the potential .This is the last Rti land.
New update ((((( ****you can apply for a supplemental to increase to 12 units and during the construction apply for decrease the three low incomes to two unit please consult with city for all the details ****)))) Investors and builders this is a great opportunity to take advantage of this gem and build a great investment property in a great area of Van Nuys near Encino, Costco, Luxury Car Dealerships, Police station and Lake Balboa .If you go to the street everyone is building new apartment buildings therefore in the next couple years the whole Street will have modern buildings which will boost the prices further up.
11 unit 4 story story luxury condominium 13797 sf Residential plus 4684 sf of parking ready to be built plans and permits are ready for lucky builder . 4 one bed one bath,3 two bed two bath and 4 one bed plus big den with one bath.******because three units goes to low income two one bedrooms and one two bedrooms you don’t t need to do subterranean parking which will save you a lot of money on construction ******
Roof deck for entertainment ,barbecue area and much more .
**The project can be built as a condominium or apartment building your choice**
Buyer and Buyer's Agent to Verify all information themselves as information here has been provided by the Assessors, Builder and information from the plans available for review on this Listing.
This is a 1031 exchange with no cost to the Buyer.