




Property Attributes
- MLS#PV20264144
- TypeSingle Family
- CountyLOS ANGELES
- CityVan Nuys
- AreaVan Nuys
- Zip91406
- StyleSingle Family Residence
- Price$ 1,325,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1207
- Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Lee Williams with Keller Williams Palos Verdes.
Data Source:
CRMLS
Property Description
Excellent development opportunity in the heart of Lake Balboa, California. This corner lot property is zoned R3-1 on approximately 11,316 SF (approximately .26 acres) lot. With current zoning, a developer can potentially build 14 units "By Right. " By taking advantage of Los Angeles' Density Bonus program, which allows more residential units with reduced parking requirements, up to 21 units can be potentially be built with no RSO, Ellis, or relocation issues. The existing 1,207 SF structure is a single-family house located in the high-demand rental market of Lake Balboa with close proximity to the 405 and the 101. Convenient to the Metro Orange Line, the Van Nuys FlyAway Bus Terminal, Sepulveda Basin Wildlife Reserve, Woodley Park Archery Range, the Japanese Garden, and of course, Lake Balboa Park, the property is also a short distance to the newest Vallarta mega-supermarket scheduled to open this summer. 7005 Woodley Avenue is ideally located in the epicenter of the San Fernando Valley, with investor/landlord prime market conditions, heightened demand for multi-family housing and growth potential. CONTACT LISTING AGENT FOR BRICK+WORK REPORT. Buyer to verify square footage, by-right and potential construction opportunities including TOC, Density Bonus and Enterprise Zone incentives. DO NOT DISTURB TENANTS, DRIVE BY ONLY. This is a rare opportunity for the right investor.
Price History | |
---|---|
1/22/2021 | Listed $1,325,000 |
General Features
Community Features | Urban |
---|---|
Cooling | None |
High School District | See Remarks |
Interior Features | All Bedrooms Down |
Levels | One |
MLS Area | VN - Van Nuys |
Pool Features | None |
Property SubType | Single Family Residence |
Property Type | Residential |
Rooms | Bedroom |
Sewer | Public Sewer |
Structure Type | House |
Terms | Cash, Cash to New Loan |
Total Units | 1 |
View | None |
Zoning | LAR3 |
Interior Features
Common Walls | No Common Walls |
---|---|
Fireplace Features | None |
Full Baths | 1 |
Laundry Features | Outside |
Living Area | 1207 |
Main Level Bathrooms | 1 |
Main Level Bedrooms | 2 |
Total Baths | 1 |
Total Bedrooms | 2 |
Exterior Features
Lot Features | Tear Down |
---|---|
Lot Size Acres | 0.26 |
Lot Size Area | 11267 |
Lot Size Source | Assessor |
Lot Size Square Feet | 11267 |
Lot Size Units | Square Feet |
Water Source | Public |
Room Details
Room | Dimensions | Level | Flooring | Details |
---|---|---|---|---|
Bedroom |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool