Listing provided courtesy of Casey Picard of Keller Williams Realty. Last updated 2025-06-06 09:18:00.000000. Listing information © 2024 Sandicor.
Asking Price: $2,300,000
15624 Vanowen, Van Nuys CA 91406
Community:
This Lots/Land property was built in and is priced at $2,300,000. Please see the additional details below.
This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.