6167 Sylmar Ave Van Nuys, CA 91401
- Parking lots & garages
- 22,500 SF
- 0.52 lot acres
Mar 29, 2024
Current Use by Public Records
- Parking lots & garages
Property Details for 6167 Sylmar Ave
- Year built
- 1991
- Lot size
- 0.52 lot acres
- Property size
- 22,500 SF
- Zone code
- LAC2
- Property type
- Parking lots & garages
- APN
- 2240-005-008
- APU
- 2240005008
Description
This exceptional 22,529 square foot corner lot in Los Angeles, CA (APN 2240-005-008), located at 6167 Sylmar Ave and 14401 Calvert St, presents a remarkable development opportunity. Zoned C2 with Tier 4 TOC designation, this property allows for the construction of 112 units by right, or up to 204 units with the utilization of TOC and density bonus benefits. The asking price is $4,000,000, translating to $177.55 per square foot. Situated in a rapidly redeveloping neighborhood, just a block from City Hall, this location offers 150 feet of frontage on both Sylmar Ave and Calvert St, providing significant design flexibility. The property's proximity to government buildings, the LA Sheriff's Department, and LAPD ensures a secure environment. Furthermore, the area benefits from significant growth, job creation, and improved transit options, including a potential Metro Light Rail project along Van Nuys Boulevard, enhancing the property's future value and appeal. There is no height restriction. This is an exceptional opportunity for a savvy developer to capitalize on the area's revitalization and create a high-density residential project. The property is designated as a Qualified Opportunity Zone.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,350,000
- ML approach
- $1,350,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Van Nuys
- County
- Los Angeles
- State
- California
- Longitude
- -118.447
- Latitude
- 34.182
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
