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Courtesy: Dario Svidler CalDRE: 01884474 - Compass
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Based on information from CRISNet MLS as of 3/5/2021. 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.

14519 Sylvan Street,  Van Nuys CA, 91411

(Active)
$9,850,000
|
|
MLS# 20668950

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Last Updated: 3/5/2021 11:26 PM
Description for 14519 Sylvan Street Van Nuys, CA 91411
Presented for sale are 3 large lots in an Opp. Zone within a block of each other, all prime for re-development.14519 Sylvan Street, is an apprx 28k SF (Q)C2-1L-CDO w/an existing 39k SF office building. The property is at the intersection of 2 alleys (additional density) and was recently up-zoned to Tier 4 TOC. Build 143 units! Or make it a mixed-use property. The other 2 properties are currently used as parking lots for the office building. Zoned R3-1, 14606 Sylvan St. is apprx 16k SF & Tier 3 & 14602 Friar St. is around 14k SF & recently upzoned to Tier 4. Build 3 different projects in phases or at once w/economies of scale & see if there are any additional benefits that can be had with density or parking. With TOC and alley-density, a combined project could yield 210 units. Properties are currently tied together through parking covenants. At a blended $47k per buildable door with no RSO, Ellis or relocation issues this property is priced to sell. Fast terms will get a stronger deal.
Price
$9,850,000
Los Angeles
20668950
Active
Description
Presented for sale are 3 large lots in an Opp. Zone within a block of each other, all prime for re-development.14519 Sylvan Street, is an apprx 28k SF (Q)C2-1L-CDO w/an existing 39k SF office building. The property is at the intersection of 2 alleys (additional density) and was recently up-zoned to Tier 4 TOC. Build 143 units! Or make it a mixed-use property. The other 2 properties are currently used as parking lots for the office building. Zoned R3-1, 14606 Sylvan St. is apprx 16k SF & Tier 3 & 14602 Friar St. is around 14k SF & recently upzoned to Tier 4. Build 3 different projects in phases or at once w/economies of scale & see if there are any additional benefits that can be had with density or parking. With TOC and alley-density, a combined project could yield 210 units. Properties are currently tied together through parking covenants. At a blended $47k per buildable door with no RSO, Ellis or relocation issues this property is priced to sell. Fast terms will get a stronger deal.
Listing Information
Property Type: Land, Other
1.33 Acres Estimated
Neighborhood
Room Information
Interior Features
Other
Exterior / Lot Features
QC2-1L & R3-1
Community Features
2
Driving Directions
Just west of Van Nuys Blvd. and south of Victory Blvd. A block west of City Hall (Van Nuys). 3 Total non-contiguous lots within one block of each other.
Financial Considerations
3 Non-Contiguous Lots.
Listing Price History

Van Nuys Real Estate

Van Nuys is located in California. Van Nuys, California 91411 has a population of 174,140.

The median household income in Van Nuys, California 91411 is $48,720. The median household income for the surrounding county is $61,087 compared to the national median of $57,525. The median age of people living in Van Nuys 91411 is 37 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
1 14809 Erwin Street Van Nuys n/a 1/4/2021
2 14610 Erwin Street #303 Van Nuys 2 2 n/a 2/5/2021
3 14655 Erwin Street Van Nuys 2 2 n/a 2/28/2021
4 14610 Erwin Street #108 Van Nuys 2 2 n/a 1/20/2021
5 14735 Friar Street #114 Van Nuys 3 3 n/a 2/22/2021
6 14610 Erwin Street #207 Van Nuys 2 2 n/a 12/18/2020
7 14633 Sylvan Street Van Nuys n/a 12/11/2020
8 14249 Sylvan Street Van Nuys 3 3 n/a 2/1/2021
9 14720 Gilmore Street Van Nuys 1 1 n/a 1/11/2021
10 14610 Erwin Street #206 Van Nuys 2 2 n/a 11/3/2020
Courtesy: Dario Svidler CalDRE: 01884474 - Compass
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Based on information from CRISNet MLS as of 3/5/2021. 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.
This content last refreshed on 3/5/2021 11:26 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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