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14606 Friar St

Van Nuys, CA 91411
  • $3,199,999
  • STATUS: Active
  • ON SITE: 41 Days
  • ID#: 21-797468
UPDATED: 95 min ago
$3,199,999
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are proud to exclusively present for sale a Development Opportunity in Van Nuys, Los Angeles. This part of Van Nuys, a short walk away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. Located at 14606 Friar St., the property is currently a parking lot situated on the southwest corner of the intersection of Friar St. and Vesper Ave. The Corner Location, along with 140 feet of frontage on Vesper Ave. and 100 feet of frontage on Friar St. will allow for tremendous flexibility in design for the accommodation of the required parking as well as shower your future homes with sunlight. Take advantage of the recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation of this R3-1 Lot in developing the best potential for a future build for this growing and improving area. Also, with no RSO, Ellis, or relocation issues, this property is ideal to maximize those entitlements! Concept Plans are available for a 38 Unit design (1 of those Units as an ADU & 4 as Future ADUs). Since the parking lot is currently vacant, the new owner can potentially rent the parking lot to get cash flow while entitling the site! Downtown Van Nuys is growing daily with many jobs opening back up and plenty of Rapid Transit options, including a very-likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Line to the south and to the City of San Fernando to the north...and with a possible connection to the Sepulveda Pass Transit Corridor. The property is currently tied together through parking covenants to a nearby office building. Seller will deliver property free & clear of the covenant.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. 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.
www.theparsonsrealestateteam.com/homes/122611277
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14606 Friar St Van Nuys, CA 91411

  • Price: $3,199,999
  • Status: Active
  • On Site: 41 Days
  • Updated: 95 min ago
  • ID#: 21-797468
0
Beds
0
Baths
0
½ Baths
0.32
Acres
Neighborhood:
East Van Nuys
County:
Los Angeles
Area:
East Van Nuys
Property Description
We are proud to exclusively present for sale a Development Opportunity in Van Nuys, Los Angeles. This part of Van Nuys, a short walk away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. Located at 14606 Friar St., the property is currently a parking lot situated on the southwest corner of the intersection of Friar St. and Vesper Ave. The Corner Location, along with 140 feet of frontage on Vesper Ave. and 100 feet of frontage on Friar St. will allow for tremendous flexibility in design for the accommodation of the required parking as well as shower your future homes with sunlight. Take advantage of the recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation of this R3-1 Lot in developing the best potential for a future build for this growing and improving area. Also, with no RSO, Ellis, or relocation issues, this property is ideal to maximize those entitlements! Concept Plans are available for a 38 Unit design (1 of those Units as an ADU & 4 as Future ADUs). Since the parking lot is currently vacant, the new owner can potentially rent the parking lot to get cash flow while entitling the site! Downtown Van Nuys is growing daily with many jobs opening back up and plenty of Rapid Transit options, including a very-likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Line to the south and to the City of San Fernando to the north...and with a possible connection to the Sepulveda Pass Transit Corridor. The property is currently tied together through parking covenants to a nearby office building. Seller will deliver property free & clear of the covenant.
Exterior Features

Cross Streets Friar St At Vesper Ave. Lot Size Area 13994 View Description Other View YN Yes

Property Features

Cable YN Yes Inclusions 38 Unit Concept (1 Of Those Units As An Adu & 4 As Future Adus) Potential Usage 38 Unit Concept (1 Of Those Units As An Adu & 4 As Future Adus) Present Use Parking Lot. Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning R3-1 Tier 4

Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. 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.
 
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The Parsons Team | Keller Williams Realty
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Pasadena CA, 91101