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+13109412736
Regal Real Estate and Financial Services
Archwood Street, Van Nuys, CA 91406
- $4,300,000
- List Price
- $4,300,000
- Status
- ACTIVE
- MLS#
- SR26216672
- Lot Size
- 50,824
- Acres
- 1.17
- Lot Location
- 0-1 Unit/Acre, 16-20 Units/Acre, 11-15 Units/Acre, 2-5 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre, 36-40 Units/Acre, 31-35 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Level, Over 40 Units/Acre, Rectangular Lot
- Days on Market
- 1
- Property Type
- Land
Property 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 from traditional single family + SB9 to dense forms of deed restricted apartments leveraging state bonus density policy. No tree, tenants, or structures exist on this rare flat corner site. By leveraging density bonus (with or without concurrent subdivision processing), a coveted BTR townhome product typology is feasible. Additionally, 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.
Additional Information
- View
- Hills, Valley
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Francis Evanisko (frank@evaniskorealty.com) from Listing Office: Evanisko Realty & Investment.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.