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    14519 Sylvan Street

    Van Nuys, CA 91411
    • $9,850,000
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: 20668950
    UPDATED: 86 min ago
    $9,850,000
    • 0
      BEDS
    • 1.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T00:26:58.513. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

    www.twissrealty.com/homes/112497168
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    14519 Sylvan Street Van Nuys, CA 91411

    • Price: $9,850,000
    • Status: Active
    • Updated: 86 min ago
    • ID#: 20668950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.33
    Acres
    County:
    Los Angeles
    Property 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.
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet

    Property Features

    Additional Parcels YN Yes Country Us Inclusions 3 Non-Contiguous Lots. Senior Community YN No Special Listing Conditions Standard Zoning Qc2-1L & R3-1

    Listing provided courtesy of Dario Svidler of Compass and Almog Strikowski of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T00:26:58.513. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

     
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