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14401 Calvert Street

Van Nuys, CA 91401

$5,500,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $244 / sqft

calendar_month Built

Property Description

Presented for sale is an over half acre corner lot in the heart of Van Nuys. This property, a block away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. The corner lot, with 150 feet of frontage on both Sylmar Ave. and Calvert St., will allow for tremendous flexibility in design and accommodation of the parking & light for a future project. With a recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation, maximize the potential for a future build. If the aim is housing, 112+/- Units is very doable! Or utilize TOC & density benefits, and build 204+/- Units! Or make it a mixed use property! The lot is adjacent & close to many Government Buildings from which to draw future tenants with good incomes. Being across the street from the LA Sheriff Department & around the corner from the LAPD, that warm feeling of safety abounds. Consider the likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Lineto the City of San Fernando...and with a possible connection to the Sepulveda Pass Transit Corridor. At a little over $49k per buildable door by-right & NO RSO & NO ELLIS or relocation needs, this property is priced to sell. Seller Financing with attractive terms will be a requirement of sale. Also known as 6167 Sylmar Ave.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 14401 Calvert Street
City Van Nuys
State CA
Zip 91401
County Los Angeles
Listing Agent Dario Svidler DRE#01884474
Co-Listing Agent Almog Strikowski DRE#01986816
Courtesy Of Compass
MLS 21706838
List Price $5,500,000
Status Active Under Contract
Type Land
Structure Size N/A
Lot Size 22,529
DOM 168

Exterior Information

Maps

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Listing information courtesy of: Dario Svidler, Almog Strikowski, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 31st, 2021 at 3:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.