6443 Columbus Avenue
Van Nuys, CA 91411
1572 sqft | 3 beds | 2 baths | 0.45 acres | #25509909
Description
Any developer's Dream project is here!! Located in a highly desirable, rapidly revitalizing area, this offering features three (3) undeveloped lots in an R1 zone an exceptional development opportunity. Under SB9 regulations, these parcels can be subdivided into six lots with the potential to create up to 12 units. The lots measure 7,525 sq. ft, 5,612 sq. ft, and 5,612 sq. ft respectively. Currently, Lot 1 includes a remodeled 1,572 sq. ft, 3-bedroom, 2-bath single-family home generating $4,800 per month in rental income. All subdivision plans and maps are finalized, with legal/APN numbers expected within several months. This versatile opportunity allows for the creation of six independent SB9 lots, each capable of accommodating two houses. Whether you opt to rent or sell, the flexible use and strong market fundamentals promise solid inflation recovery for single-family homes. Just steps from major freeways, public transportation, grocery stores, and restaurants, this property is perfectly positioned for successful development. With approvals in place and legal finalization on the horizon, the upside potential is substantial. Bring your contractor and architect, this is your chance to build in a thriving market!
Property Details
- Property SubtypeSingleFamilyResidence
- CountyLos Angeles
- Original List Price$2,400,000
- Property TypePurchase
- MLS #25509909
- MLS #25509909
- Cost2400000
- Acres0.4531
- Square Feet1572
- Year Built1939
- Bedrooms3
- Bathrooms2
- Full Baths2
- Stories1
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Arthur Yoon (#CLW-C118048)
Listing Office: Redpoint Realty (#CLW-X8148301)
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