Address
7005 Woodley Avenue Van Nuys, CA
Price
$ 1,325,000
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

Property vs Zip Code Average in 91406

Price
AVG $800K
$1.33M
Visits
AVG 16
132
Year Built
AVG 1953
1940
Walkscore
AVG 61
62
Data Provided by Walkscore ® not using MLS data

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