6904 De Celis Place
Van Nuys, CA 91406
1.14 acres | #24468453
Description
Presenting 6904-6910 De Celis Place, a unique multi-family development opportunity in Van Nuys consisting of four contiguous single-family lots totaling 49,688 sq. ft. Per Crest Real Estate report (available upon request), the General Plan designates the property's Land Use category as Low Medium II Residential, which allows the property to change its zoning to either RD1.5, RD2, RW2, or RZ2.5 without the need to obtain approval via a General Plan Amendment. A builder can develop 34 units by right and up to 68 1,500 sq. ft units on the site by leveraging development density bonus provisions. The development site is centrally located in Van Nuys, one of the most densely populated areas in the San Fernando Valley. Home to landmarks such as the Van Nuys Airport and the Valley Municipal Building, Van Nuys has strong socio-economic indicators and above-average public schools, several parks, coffee shops, and restaurants, making it a compelling area for development.
Property Details
- CountyLos Angeles
- Original List Price$6,995,000
- Property TypePurchase
- MLS #24468453
- MLS #24468453
- Cost6995000
- Acres1.1407
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Omar Abaza (#CLW-C135205)
Listing Office: The Oppenheim Group, Inc. (#CLW-X80679)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
