$2,400,000
For Sale

6443 Columbus Avenue

Van Nuys, CA 91411
1572 sqft | 3 beds | 2 baths | 0.45 acres | #25509909
Listing OfficeRedpoint Realty
Type:Purchase
Structure:House
Zone:Residential

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

Jocelyn BackesReal Estate Group

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