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Listed by Aziz Molai, DRE #00893798 • Keller Williams Realty-Studio City
$ 1,399,000
Est. payment | /mo
0.28 Acres Lot
$ 1,399,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26230447
Lot Size 0.279 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
"LAND VALUE OPPORTUNITY | INCOME-PRODUCING PROPERTY | DEVELOPMENT POTENTIAL l APPROVED PLANS FOR AUTO BODY SHOP WITH SPRAY BOOTH" Exceptional opportunity for investors, developers, and owner-users! Situated on an approximately 12,135-square-foot lot in Van Nuys, this property offers a compelling combination of current rental income and future development potential. Currently tenant-occupied and generating $4,000 per month in rental income ($48,000 annually), the property provides income while buyers explore their long-term plans. The seller has approved plans for an auto body shop, offering a potential path forward for buyers interested in an automotive-related business. Beyond the existing plans, the property's land value and location present an opportunity for buyers to explore alternative development concepts and potential uses, subject to applicable zoning, approvals, and governmental requirements. Whether pursuing an automotive facility, evaluating other permitted uses, or holding the property as an income-producing investment, buyers can explore a range of possibilities to suit their investment strategy. Conveniently located in the San Fernando Valley near Van Nuys Airport, major thoroughfares, and the 405 Freeway, this property offers an attractive opportunity for those
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LWS,LL,LX
Exterior
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 2205028018
Special Listing Condition Not Applicable
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