7005 Woodley Avenue

Van Nuys, CA 91406

$1,600,000
Price
11,314 / 0.26
Lot Size / Acres

Description

We are pleased to present an 11,314 square foot RTI development site located at 7005 N Woodley Avenue in Van Nuys, California. The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue. This offering is positioned a one (1) large corner lot totaling 11,314 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right, a maximum height of 45 feet by-right, and a FAR of 3:1 by-right. Additionally, this offering...We are pleased to present an 11,314 square foot RTI development site located at 7005 N Woodley Avenue in Van Nuys, California. The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue. This offering is positioned a one (1) large corner lot totaling 11,314 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right, a maximum height of 45 feet by-right, and a FAR of 3:1 by-right. Additionally, this offering is fully entitled utilizing the city Density Bonus incentive program, allowing for a 35% bonus to unit count and FAR, twenty-one (21) RTI units and 4.05:1 respectively, and a height increase to 56 feet. There are thirty-five (35) total parking spots in the plans, with ten (10) on-grade and twenty-five (25) on one level subterranean. The plans also include a rooftop deck common area, and four (4) recreation rooms with layouts that are nearly identical to their adjacent one-bedroom unit counterparts, making these recreation rooms a breeze to convert into ADU units. Totaling twenty-five (25) units after ADU conversion, the unit mix is great and consists of thirteen (13) one-bedroom / one-bathroom units, four (4) one-bedroom / one-bathroom ADU units, and eight (8) two-bedroom / two-bathroom units. In accordance with the Density Bonus program, one (1) one-bedroom and one (1) two-bedroom unit are set aside for very low income. Situated in a solid Van Nuys location, this offering presents an excellent opportunity for any developer to capitalize on a fully RTI development site in one of the most populous municipalities in Los Angeles.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 7005 Woodley Avenue

Zoning
LAR3
Parcel Number
2224010009
Area
Lake Balboa (LKBL)
Lot Size Area
11314
Source Lot Size Area
Assessor
Present Use
Vacant Land with RTI Plans for 21 Units and 4 Rec Rooms to Be Converted into ADU Units
Potential Usage
Potential to Reconfigure Plans Under ED1 to Maximize Density, and Under AB 2097 to Remove Parking
Assessor Parcel Number
2224-010-009
LISTING UPDATED: 01/06/2025 06:08 PM

Property Details for 7005 Woodley Avenue

StatusActive
MLS #24-445861
Days on Market110
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.26 AC
CountyLos Angeles County

Building Information for 7005 Woodley Avenue

Lot Size0.26 AC

Property Information for 7005 Woodley Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Horse: No
  • Special Zoning: None
  • Additional Parcel Number: No
  • Lot Acreage: 0.2587
  • Lot Size Square Feet: 11314
  • Lot Size Dimensions: 100x114
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Value In Land
  • Lot Description: Single Lot, Raw Land, Value In Land, Fenced
  • Lot Location: City
  • Telephone: 0.0
  • Cable: 0.0
  • Reports On File: Plans
  • Site Decription: City
  • Survey: Survey Done
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-27-2024

Property History for 7005 Woodley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7005 Woodley Avenue

Taxable ValueLand$1,331,712Additions-Total$1,331,712
Tax Record2024$16,338 ($1,361 / month)
Home Facts
Beds2Total Finished SqFt1,207 SqFtAbove Grade Finished SqFt1,207 SqFtStories1Lot Size11,314 SqFtStyleResidentialYear Built1940ZoningLAR3CountyLOS ANGELESAPN2224-010-009

Schools near 7005 Woodley Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Bassett Street Elementary School
Public - K to 5
William Mulholland Middle School
Public - 6 to 8
Birmingham Community Charter High School
Charter - 9 to 12
Lake Balboa College Preparatory Magnet K-12
Public - K to 12
Rating
School
Distance
Bassett Street Elementary School
PublicK to 5

William Mulholland Middle School
Public6 to 8

Birmingham Community Charter High School
Charter9 to 12

Lake Balboa College Preparatory Magnet K-12
PublicK 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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More information about 7005 Woodley Avenue, Van Nuys, CA 91406

7005 Woodley Avenue is a 0.26 ac of land for sale in Van Nuys, CA 91406. This property was listed for sale on September 27, 2024 by Marcus & Millichap, it's currently listed at $1,600,000. It has been on the market for a total of 110 days and was last sold on June 7, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Bassett Street Elementary School, William Mulholland Middle School and Birmingham Community Charter High School. 7005 Woodley Avenue is a 0-bed, 0-bath, 0.26 ac of land on a 11,314 sq. ft. / 0.26 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.