6948 Woodman Avenue
$2,980,000
100
100
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Description
Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. Unlimited Density : A request can be made for unlimited density if the project is 100% affordable...Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. Unlimited Density : A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. 49 Units : A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. RTI Ready : The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
- Listed by Elham Khani • DRE #01989596 • Brokerage DRE #01464847 • Coldwell Banker Realty
- Listed by Lily Laadan Vosough • DRE #02029432 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 6948 Woodman Avenue
Zoning
LAR3
Parcel Number2328010025
Total Units100.0
Living Area0
Source Living AreaBuilder
AreaValley Glen (VG)
Vacancy Rate0
Lot Size Area19961
LISTING UPDATED: 10/02/2024 12:01 AM
Property Details for 6948 Woodman Avenue
Status | Active |
---|---|
MLS # | 24-443865 |
Days on Market | 88 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2024 |
Lot Size | 0.46 AC / 19,961 SF |
County | Los Angeles County |
Building Information for 6948 Woodman Avenue
Stories-Residences-Year Built2024Building Size-Lot Size0.46 AC / 19,961 SF
Property Information for 6948 Woodman Avenue
Property History for 6948 Woodman 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 6948 Woodman Avenue
Taxable ValueLand$1,881,069Additions-Total$1,881,069
Tax Record2024$23,359 ($1,947 / month)
Home Facts
Beds4Total Finished SqFt5,284 SqFtAbove Grade Finished SqFt5,284 SqFtStories2Lot Size19,961 SqFtStyleSingle Family ResidenceYear Built1931ZoningLAR3CountyLOS ANGELESAPN2328-010-025
Schools near 6948 Woodman 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 - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Kittridge Street Elementary School PublicK to 5 | ||
James Madison Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
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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