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14401 Calvert St

Van Nuys, CA 91401
  • $5,500,000
  • STATUS: Active Under Contract
  • ON SITE: 254 Days
  • MLS #: 21-706838
Under Contract
UPDATED: 58 min ago
$5,500,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Presented for sale is an over half acre corner lot in the heart of Van Nuys. This property, a block away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. The corner lot, with 150 feet of frontage on both Sylmar Ave. and Calvert St., will allow for tremendous flexibility in design and accommodation of the parking & light for a future project. With a recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation, maximize the potential for a future build. If the aim is housing, 112+/- Units is very doable! Or utilize TOC & density benefits, and build 204+/- Units! Or make it a mixed use property! The lot is adjacent & close to many Government Buildings from which to draw future tenants with good incomes. Being across the street from the LA Sheriff Department & around the corner from the LAPD, that warm feeling of safety abounds. Consider the likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Lineto the City of San Fernando...and with a possible connection to the Sepulveda Pass Transit Corridor. At a little over $49k per buildable door by-right & NO RSO & NO ELLIS or relocation needs, this property is priced to sell. Seller Financing with attractive terms will be a requirement of sale. Also known as 6167 Sylmar Ave.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-27T08:42:21.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/115199052
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14401 Calvert St Van Nuys, CA 91401

  • Price: $5,500,000
  • Status: Active Under Contract
  • On Site: 254 Days
  • Updated: 58 min ago
  • MLS #: 21-706838
0
Beds
0
Baths
0
½ Baths
0.52
Acres
Neighborhood:
East Van Nuys
County:
Los Angeles
Area:
East Van Nuys
Property Description
Presented for sale is an over half acre corner lot in the heart of Van Nuys. This property, a block away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. The corner lot, with 150 feet of frontage on both Sylmar Ave. and Calvert St., will allow for tremendous flexibility in design and accommodation of the parking & light for a future project. With a recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation, maximize the potential for a future build. If the aim is housing, 112+/- Units is very doable! Or utilize TOC & density benefits, and build 204+/- Units! Or make it a mixed use property! The lot is adjacent & close to many Government Buildings from which to draw future tenants with good incomes. Being across the street from the LA Sheriff Department & around the corner from the LAPD, that warm feeling of safety abounds. Consider the likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Lineto the City of San Fernando...and with a possible connection to the Sepulveda Pass Transit Corridor. At a little over $49k per buildable door by-right & NO RSO & NO ELLIS or relocation needs, this property is priced to sell. Seller Financing with attractive terms will be a requirement of sale. Also known as 6167 Sylmar Ave.
Exterior Features

Lot Size Area 22529 View Description Other View YN Yes

Property Features

Cable YN Yes Potential Usage Build 112+/- By Right Or 204+/- By Toc. Or Mixed Use. Present Use Parking Lot Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning [Q]C2-2D-Cdo Tier 4

Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-27T08:42:21.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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