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5934 Murietta Ave

  • Bedrooms3 Beds
  • Bathrooms1 Bath
  • Half Bathrooms1 Half Ba
  • Square Feet1,097 Sq. Ft.
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.

CA_CLAW

Represented By: CAROLWOOD

Davis Saadian
License #: 01921748
310-402-8958
Email
Main Office
9440 Santa Monica Blvd.
Beverly Hills, CA 90210
USA
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