5934 Murietta Avenue
$1,150,000
3
1
1
1,097
1,097
$1,048
Description
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...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.
- Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates
- Listed by Hasitha Mahaseelarathnage • DRE #02131447 • Brokerage DRE #00824452 • Christie's AKG
Property Details for 5934 Murietta Avenue
Zoning
LARD1.5
StyleA-Frame
Parcel Number2246002001
Living Area1097
Source Living AreaVendor Enhanced
AreaValley Glen (VG)
Lot Size Area7017
Source Lot Size AreaVendor Enhanced
LISTING UPDATED: 07/30/2024 01:36 PM
Property Details for 5934 Murietta Avenue
Status | Active |
---|---|
MLS # | 24-412013 |
Days on Market | 137 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1948 |
Lot Size | 0.16 AC / 7,017 SF |
County | Los Angeles County |
Building Information for 5934 Murietta Avenue
Stories1Year Built1948Building Size-Lot Size0.16 AC / 7,017 SF
Property Information for 5934 Murietta Avenue
Property History for 5934 Murietta Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5934 Murietta Avenue
Taxable ValueLand$480,944Additions$120,232Total$601,176
Tax Record2024$7,476 ($623 / month)
Home Facts
Beds3Total Finished SqFt1,097 SqFtAbove Grade Finished SqFt1,097 SqFtStories1Lot Size7,015 SqFtStyleSingle Family ResidenceYear Built1948ZoningLARD1.5CountyLOS ANGELESAPN2246-002-001
Schools near 5934 Murietta Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Erwin Elementary School PublicK to 5 | ||
Van Nuys Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
Ararat Charter School CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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