Fantastic rarely available Residential Income Development Opportunity!! The property is currently one single family home on a 12,005 sq ft lot with plans to subdivide the lot into two parcels with three units on each parcel for a total of six units combined on both parcels. Each potential parcel would contain a 2953 sq ft single family home with a Junior ADU and 533 sq ft ADU for a total building sq. footage of 3486 on each parcel for a combined 6972 sq. ft total for both parcels. The current owner has already spent $40,000 on developing two sewer mains for each potential parcel split. Furthermore, the owner has spent roughly $170,000 on additional plans and administrative legwork that is included in the sale. The subdivision of the lot into two parcels has already been approved pending a demo permit to tear down the existing structure. The property is currently occupied by a tenant that is vacating the current home in early October 2025. There is currently on one single family home on the property with one carport. The first five photos are renderings of the potential project and not to be construed as actual photos of the current site. For more detailed information please contact the Listing Agent.

This traditional charmer located in the growing changing city of Van Nuys adjacent to Sherman Oaks, mintues away from the 405&101 Fwy, won't last long!!!! Are you LOOKING for a property that has a large lot?! Well, this 3 bedroom, 1 bathroom recently upgraded with a new roof, new exterior and interior paint, new flooring and much more, sits on a double gated lot(12,000approx. sqft lot) enough room to expand the existing dwelling or built not one but TWO ADUs!!! COME check it out! This one won't last long!!! The manager has listed the unit size as 1225 square feet.