$799,000
Each property is being sold separately but must be purchased together at 799K EACH, presenting a rare chance to combine two neighboring lots for a larger development or income-producing project Situated in an Opportunity Zone, this property provides potential tax benefits and attractive incentives for long-term investors and developers. Developer’s Dream in the Heart of Van Nuys! An incredible property in a desirable Van Nuys neighborhood. The location is unbeatable with easy on/off for the 405 freeway, close to Lake Balboa Park, and major shopping and dining destinations. Whether you’re looking to build new or hold as a long-term investment, this property’s potential is unmatched. Buyer to verify and satisfy all dimensions, legal zoning, building, and development requirements.
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Listed by Ian Hutzler with Berkshire Hathaway HomeServices California Properties (818) 528-3200
Property Type
Multi Family
Status
Active
MLS Number
SR25248009
Year Built
1952
Lot Size
4,918 sq ft