Property Detail

Description

Prime development opportunity adjacent to Valley Village. Situated on a 7,015 SF [Q]RD1.5-1 zoned lot, this site offers a 53-foot frontage on a quiet cul-de-sac street, presenting an ideal footprint for residential infill development and rental demand. The property is SB8 exempt and approved by the Los Angeles Housing Department (LAHD), offering a smoother path to permiting/entitlement. A range of development options may be available through by-right projects or state and local density bonus programs, making it attractive to both market-rate and affordable housing developers. The existing 3-bedroom, 2-bathroom single-family home spans approximately 1,097 SF. Located just two blocks from the Van Nuys Transit Station and within close proximity to Valley College, this site sits in a high-demand rental corridor with strong rent performance, limited new supply, and long-term neighborhood growth potential. A rare opportunity in a well-established, supply-constrained pocket of the San Fernando Valley.