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12
Photos
5934 Murietta Avenue, Van Nuys (los Angeles), CA 91401
$1,150,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
1,097
sqft
Built in
1948
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.
Features & Amenities
Interior
- General:
- Den
- Appliances:
- Disposal, Refrigerator, Dishwasher
- Laundry:
- Dryer, Inside, Washer
- Flooring:
- Wood
- Fireplace:
- None
Exterior
- Pool:
- None
Construction
- General:
- 1
Location
- County:
- Los Angeles
Lot
- Zoning:
- LARD, 2246002001
- View:
- City Lights
This listing courtesy of:
KW Advisors, Davis Saadian
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Van Nuys, CA
Housing
- Number of Units
- 62,033
- Median Home Value
- $629,101
- Median Rent
- $1,371
67.32% of housing units are renter occupied.
3.95% are vacant.
Commute
- Car
-
63.21%
- Public Transportation
-
5.34%
- Walk to Work
-
1.64%
- Work from Home
-
28.33%
- Other
-
0.75%
The median travel time to work is 27 minutes.
People
- Population
- 171,714
- Median Age
- 36.00
- Median Household Size
- 2.88
Education
- High School
-
21.14%
- Associate’s Degree
-
7.27%
- Bachelor’s Degree
-
22.22%
- Graduate Degree
-
8.86%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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