0 Archwood Street,Van Nuys, CA 91406
Van Nuys, CA 91406
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.
Details
| MLS # | SR26216672 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 22 |
| Listing Provided By | Evanisko Realty & Investment | Francis Evanisko |
Features
| Zoning | R1-1 |
|---|---|
| Acreage | 1.17 |
| Property View | Yes |
Exterior
| Lot Features | Zero To One Unit Acre, Sixteen To Twenty Units Acre, Eleven To Fifteen Units Acre, Two To Five Units Acre, Twenty One To Twenty Five Units Acre, Twenty Six To Thirty Units Acre, Thirty Six To Forty Units Acre, Thirty One To Thirty Five Units Acre, Six To Ten Units Acre, Lot Over40000Sqft, Level, Over40Units Acre, Rectangular Lot |
|---|
Location
| Community Features | Biking, Dog Park, Street Lights, Urban, Valley |
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Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91406 |
| Area | VN Van Nuys |
| Listing VS Median (in 91406) | |
Price: $4,300,000 low | high Med: $694,999 On site: 22 low | high Med: 123 | |
Market Activity 91406
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91406 |
| Area | VN Van Nuys |
| Listing VS Median (in 91406) | |
Price: $4,300,000 low | high Med: $694,999 On site: 22 low | high Med: 123 | |