Description

Land Development Opportunity – Prime Van Nuys Location Unlock the potential of a rare multifamily development opportunity in the heart of Van Nuys, one of Los Angeles’ fastest-growing neighborhoods. This strategically located parcel offers an ideal canvas for a modern apartment complex, appealing to both developers and investors seeking to meet the rising demand for housing in the San Fernando Valley. Property Highlights: Central Van Nuys Location – Situated near major transit corridors, employment hubs, shopping, dining, and civic services. Excellent walkability and easy freeway access (101, 170, 405). Generous Lot Size 19,490 sqft – Flat and buildable with favorable zoning for high-density residential (check with city for TOC or Density Bonus incentives). Development Potential – Ideal for a 4–5 story apartment building with underground parking. Potential for 50–100+ units, depending on design and entitlements. (Est: TOC 55 units. ED1 88 Units- potential to do more. ) Transit-Oriented TIER 3– Close to the Van Nuys Metro Station and future Sepulveda Transit Corridor, enhancing long-term value and rental appeal. Thriving Residential Demand – Van Nuys is undergoing revitalization, with rising rental rates and continued migration from central Los Angeles. Utilities Available – All major services onsite or nearby, reducing upfront infrastructure costs. Whether you're looking to create luxury apartments or a mixed-income project, this land offers a rare and valuable foothold in a high-demand market. Act now to shape the future of Van Nuys living. Broker/Broker's agents/Seller do not represent or guarantee measurements, dimensions. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals to satisfy themselves.