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
AVG $9.85M
$9.85M
Visits
AVG 18
38
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data

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