5934 Murietta Avenue Van Nuys, CA 91401
Listing Courtesy of: CRMLS / Kw Advisors / Davis Saadian

  5934 Murietta Avenue Van Nuys, CA 91401

Active (61 Days)
$1,150,000
3
BED
2
BATH
1,097
SQFT
See Similar Listings

Description

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.

MLS #:
24412013
Lot Size
7,017 SQFT
Type
Single-Family Home
Year Built
1948
Views
City Lights
County
Los Angeles County

Listed By

Davis Saadian, Kw Advisors
Source
CRMLS
Last checked Sep 8 2024 at 2:37 AM GMT+0000
Bathroom Details
  • Full Bathroom: 1
  • Half Bathroom: 1
Interior Features
  • Washer
  • Refrigerator
  • Dryer
  • Disposal
  • Dishwasher
  • Laundry: Inside
Flooring
  • Wood
Parking
  • Driveway
Stories
  • 1
Living Area
  • 1,097 sqft
Location
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 30, 2024
Price Changed
$1,150,000
-12%
-150,000
Jul 08, 2024
Original Price
$1,300,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
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Mortgage calculator estimates are provided by Pinnacle Estate Properties and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
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The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing.  The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws.  Any dissemination of this information is in violation of copyright laws and is strictly prohibited.  Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS.  This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.  The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.