5934 Murietta Avenue, Van Nuys, CA 91401

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Property Description

We pleased to present the opportunity to acquire this rare 7,015 SF lot development opportunity located in the highly desirable Valley Glen neighborhood, and just about two blocks to the Van Nuys Transit station. The site offers a zoning ordinance of LARD-1.5, which makes the site an attractive opportunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. The site is eligible to build up to thirty-five (35) affordable apartment units. There is a 3-bedroom + 1.5-bathroom single-family residence currently on the lot, which will be delivered 100% vacant. This is a high-demand rental location within close proximity to the Van Nuys Courthouse, restaurants, shops, and Valley college. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.


Interior Features

Laundry Information
Location(s) Inside
Bedroom Information
Bedrooms 3
Bathroom Information
Bathrooms 2
Flooring Information
Material Wood

Listing Information

Address 5934 Murietta Avenue
City Van Nuys
State CA
Zip 91401
County Los Angeles
Listing Agent Davis Saadian DRE #01921748
Co-Listing Agent Hasitha Mahaseelarathnage DRE #02131447
Courtesy Of KW Advisors
List Price $1,150,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 1,097
Lot Size 7,017
Year Built 1948

Listing information courtesy of: Davis Saadian, Hasitha Mahaseelarathnage, KW Advisors. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.