7650 Van Nuys Boulevard, Van Nuys, CA 91405

100-130 Unit Development Deal with 3 Retail Units in Place

Sale Price $5,000,000

Development Deal

This development deal can potentially lead to 100 to 130 units.  It has a great price per unit and a ​28,810 square foot lot with two retail tenants paying $18,244K gross per month.  The two tenants leases will expire by the end of 2019 just in time to break ground.

Zoning

The property is zoned C2-1VL and is located in the new TOC Tier 3 Zone that if you meet all requirements will allow for 70% increase in dwelling units, 50% increase in FAR resulting in at least a 3.75:1 FAR and reduced parking to 0.5 spaces per unit.

 

See guidelines for TOC zoning here.

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(310) 836 3638

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Inquiries

(310) 836 3638

kellymorgan@kw.com

Licensed Agent | CA DRE# 01898026

KW Commercial-Santa Monica | CA DRE#01499010

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