$499,900

DEVELOPERS with Vision Special!!! This Flat Buildable Lot is a Prime Location for Developers, Offering a Great Opportunity to Construct a Multi-unit Residential Development. Here is a description of the lot and its Potential for Accommodating different unit configurations: - Location: The lot is situated in a Desirable Neighborhood within Van Nuys/Valley Glen area of San Fernando Valley with convenient access to amenities such as Victory Plaza shopping center and Cinemark. Schools, Parks, and extensive Public Transportation allowing more Unit Density in the Area. Its central location makes it an attractive option for potential residents. The existence of public transportation allows High Density Building Projects. - Size: The lot spans a sufficient area to accommodate the proposed development comfortably. It provides ample space for Constructing a Multi-unit Residential Building while allowing for necessary setbacks and landscaping. - Topography: The lot features a flat terrain, providing a favorable building environment that minimizes the need for extensive earthwork and leveling. This aspect simplifies the construction process and helps optimize space utilization. - Zoning: The LAR3 lot is zoned appropriately for multi-unit residential development, allowing for the POTENTIAL construction of 4-6 units with parking or the POTENTIAL of building 12-16 Senior units without parking. Configurations could be 4-6 Townhouses with tandem parking OR up to 12-16 Senior or Junior 1 Bedroom Studio Units with Bicycle parking. - The zoning regulations and building guidelines should be consulted with the City of Los Angeles Building and Development Department Prior to Submitting an Offer. - Infrastructure: The lot benefits from existing infrastructure connections, including access to public utilities such as water, gas, electricity, and sewage systems at Curb. This reduces the need for extensive infrastructure development and ensures the smooth integration of the new development into the surrounding neighborhood. - Market Potential: The surrounding area exhibits a strong demand for multi-unit residential properties, making this lot an excellent investment opportunity for developers. The presence of nearby amenities, favorable location, and potential unit configurations contribute to its market appeal.

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