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$ 1,699,000
Est. payment | /mo
0.25 Acres Lot
$ 1,699,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26757205
HOA Y/N No
Lot Size 0.255 Acres
Property Description
Welcome to this exceptional investment opportunity in the heart of Van Nuys. Situated on a prime corner lot in one of the area's most desirable neighborhoods, this shovel-ready RTI (Ready-To-Issue) development offers approved plans for a stunning 12-unit residential project. Designed with both comfort and profitability in mind, the project features a highly attractive unit mix: nine spacious 3-bedroom, 2-bath residences and three well-appointed 2-bedroom, 2-bath units, totaling over 21,000 square feet of living space. Each unit is generously sized to command strong rental income potential in today's competitive market. The four-story development also includes an expansive 4,312-square-foot garage, providing ample parking to meet tenant demanda key advantage for long-term value and appeal. With approvals in place and no existing structures on site, this is a rare, ready-to-build opportunity that allows investors and developers to move forward immediately. Don't miss your chance to capitalize on a high-yield project in a thriving rental market. This property is two lots that were combined. 6640 Kester and 6634 Kester.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Sewer Other
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2236005010
Special Listing Condition Standard
Listed by Brandon Guerrero Serhant California, Inc #02046667
Nearby Locations
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