6701 Woodley Avenue

    Van Nuys, CA 91406
    • $1,300,000
    • STATUS: Pending
    • ON SITE: 36 days
    • ID#: 19488998
    Pending
    UPDATED: 21 min ago
    $1,300,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present 6701 Woodley Avenue, a unique 17-unit multifamily / condominium development opportunity in prime Lake Balboa, California. The property is comprised of approximately 0.29 acres (13,004 SF) lot area zoned R3-1-RIO. With rear alley access and current zoning, a developer can build up to 17 units "By Right." If a developer plans to utilize a California State Density Bonus, one can potentially build up to 23 units.6701 Woodley Avenue is ideally located in the epicenter of the South San Fernando Valley, which boasts high-profile demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T16:37:20.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/96910438

    6701 Woodley Avenue Van Nuys, CA 91406

    • Price: $1,300,000
    • Status: Pending
    • Updated: 21 min ago
    • ID#: 19488998
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    Neighborhood:
    LKBL - Lake Balboa
    County:
    Los Angeles
    Area:
    LKBL - Lake Balboa
    Property Description
    We are pleased to present 6701 Woodley Avenue, a unique 17-unit multifamily / condominium development opportunity in prime Lake Balboa, California. The property is comprised of approximately 0.29 acres (13,004 SF) lot area zoned R3-1-RIO. With rear alley access and current zoning, a developer can build up to 17 units "By Right." If a developer plans to utilize a California State Density Bonus, one can potentially build up to 23 units.6701 Woodley Avenue is ideally located in the epicenter of the South San Fernando Valley, which boasts high-profile demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential.
    Exterior Features

    Lot Size Dimensions A0.29 Lot Size Units Square Feet View See Remarks View YN Yes

    Property Features

    Association Fee 0.00 Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T16:37:20.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723