$ 4,000,000
6167 Sylmar Avenue Van Nuys (los Angeles), CA 91401
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$ 4,000,000
Est. payment | /mo
0.52 Acres Lot
$ 4,000,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24413029
HOA Y/N No
Lot Size 0.517 Acres
Acres 0.52
Property Description
We proudly presents 6167 Sylmar Ave, also known as 14401 Calvert St, a 22,529 square foot corner lot in the heart of Van Nuys. The property is located just a block away from City Hall and is surrounded by a neighborhood undergoing redevelopment. Situated at 6167 Sylmar Ave, the property is currently a parking lot located on the northwest corner of the intersection of Sylmar St and Calvert St. The corner location, along with 150 feet of frontage on both Sylmar Ave. and Calvert St, offers tremendous flexibility in design and parking accommodation for future homes. The property takes advantage of the recently up-zoned TOC Tier 4 and the Qualified Opportunity Zone designation of this QC2-2D-CDO Lot, maximizing its potential for future development in this growing and improving area. A savvy developer could build 112 units by right or utilize TOC and density bonus benefits to build 204 units. The lot is near many government buildings, providing easy access to potential future tenants with good incomes. Furthermore, its proximity to the LA Sheriff's Department and LAPD offers a sense of safety. Downtown Van Nuys is experiencing growth with job opportunities and rapid transit options, including the potential Metro Light Rail Project along Van Nuys Blvd, connecting the Orange Bus Line to
Location
State CA
County Los Angeles
Area Listing
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2240005008
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Listed by Filip Niculete • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "