Price Reduction
Address
14519 Sylvan Street Van Nuys, CA
Price
$ 9,850,000
Property Attributes
- MLS#20668950
- TypeLand
- CountyLOS ANGELES
- CityVan Nuys
- Zip91411
- Style
- Price$ 9,850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.33 Acres
Listing Provided Courtesy Of:
Dario Svidler with Compass.
Property Description
Presented for sale are 3 large lots in an Opp. Zone within a block of each other, all prime for re-development.14519 Sylvan Street, is an apprx 28k SF (Q)C2-1L-CDO w/an existing 39k SF office building. The property is at the intersection of 2 alleys (additional density) and was recently up-zoned to Tier 4 TOC. Build 143 units! Or make it a mixed-use property. The other 2 properties are currently used as parking lots for the office building. Zoned R3-1, 14606 Sylvan St. is apprx 16k SF & Tier 3 & 14602 Friar St. is around 14k SF & recently upzoned to Tier 4. Build 3 different projects in phases or at once w/economies of scale & see if there are any additional benefits that can be had with density or parking. With TOC and alley-density, a combined project could yield 210 units. Properties are currently tied together through parking covenants. At a blended $47k per buildable door with no RSO, Ellis or relocation issues this property is priced to sell. Fast terms will get a stronger deal.
| Price History | |
|---|---|
| 12/9/2020 | Listed $10,750,000 |
| 1/18/2021 | 9% - $9,850,000 |
General Features
| Co-Listing Agent Last Name | Almog |
|---|---|
| Co-Listing Agent Last Name | Strikowski |
| Co-Listing Agent State License # | 01986816 |
| Co-listing Agent | Almog Strikowski - BRE#01986816 |
| Directions | Just west of Van Nuys Blvd. and south of Victory Blvd. A block west of City Hall (Van Nuys). 3 Total non-contiguous lots within one block of each other. |
| Listagentaor | Beverly Hills/Greater LA |
| Listing Agent | Dario Svidler - BRE#01884474 |
| Listing Agent State License | 01884474 |
| Price Per Square Foot | 169.84 |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Zoning | QC2-1L & R3-1 |
Exterior Features
| Lot Size Acres | 1.3300 |
|---|---|
| Lot Size Area | 57995.0000 |
| Lot Size Source | Estimated |
| Lot Size Square Feet | 57995.00 |
| Lot Size Units | Square Feet |
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 91411
Price
Visits
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Based on information from California Regional Multiple Listing Service, Inc. as of January 19, 2021 8:56 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from CRISNet MLS as of January 19, 2021 9:50 PM UTC
All data, including all measurements and calculations of area, is obtained from various
sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy.
Properties may or may not be listed by the office/agent presenting the information.
