6167 Sylmar Ave Van Nuys, CA 91401

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.