$2,775,000
Introducing a remarkable investment opportunity at 6700 Van Nuys Blvd. This freestanding retail building spans 1,900 sq. ft. and is situated on a substantial 10,000 sq. ft. lot. The building remains fully usable while obtaining necessary permits and plans from the city, providing immediate functionality. The property is ideally positioned for redevelopment, with city planning approval allowing for the construction of up to 24 apartment units. This presents a fantastic chance for developers to capitalize on the growing demand for housing in the area.Whether you’re looking to utilize the existing space or embark on a new residential project, this property offers flexibility and potential. Don’t miss this opportunity.
Listed by Ricardo Pena with Pinnacle Estate Properties (818) 993-7370
Property Type
Retail
Status
Active
MLS Number
SR25202140
Year Built
1932
Lot Size
10,001 sq ft
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