$1,250,000
This is a fantastic equity opportunity offering a fast track to development with plans for a 24-unit, 5-story apartment building (LAR3 zoning) anticipated to be Ready-to-Issue (RTI) very soon! The project is strategically designed for maximum profitability, featuring 1-bedroom, 1-bathroom units—each with a private balcony and access to floor-level trash chutes—that qualify under an affordable housing initiative. Crucially, the absence of parking requirements dramatically maximizes usable space and return on investment. For the savvy buyer looking to push boundaries, the city has already approved the feasibility to increase the unit count from 24 to 30 units. Seize this moment to acquire a high-yield asset in a prime development corridor. Contact us immediately for full plans and to secure your stake in this exceptional venture! Buyer to independently verify all information.
Listed by Shira Dunn with Keller Williams Luxury (818) 200-2929
Property Type
Single Family Residence
Status
Active
MLS Number
SR26107752
Year Built
1925
Lot Size
6,504 sq ft
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6509 Haskell, Van Nuys
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