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Executive Summary

INVESTOR / DEVELOPER OPPORTUNITY! Rare R3-1 zoned property in a prime Van Nuys location featuring a charming Spanish-style 2 bedroom, 1 bathroom bungalow with detached garage and additional storage structure. Property offers excellent potential for redevelopment, expansion, or long-term investment. Existing home features an updated bathroom and newer electrical panel, making it ideal to hold as a rental while planning future development.
Per seller’s understanding and preliminary information, property may allow for By-Right development of up to 8 units plus 2 detached ADUs and 1 attached ADU. Buyer to independently verify all development potential, zoning, density, ADU guidelines, permits, and usage with the City of Los Angeles Planning and Building Departments.
Approximate lot dimensions are 54’ x 120’. Property is connected to water, gas, electricity, sewer, paved streets, curbs, and sidewalks.
Conveniently located near the 405 Freeway, Van Nuys Airport, FlyAway Bus Terminal, USPS, shopping, dining, and major employment centers. Excellent opportunity for builders, investors, or buyers looking for future upside in a high-demand rental market.

Property Facts

Price $1,093,093 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Single Family Development
  • Single Family Residence
Total Lot Size 0.15 AC
Opportunity Zone Yes
Zoning LAR3

1 Lot Available

Lot 131

Price $1,093,093 CAD
Price Per AC $7,349,167.70 CAD
Lot Size 0.15 AC

6479 square foot lot, has a house on it, garage and storage.

Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
2205-026-003
Land Assessment
$61,580 CAD
Improvements Assessment
$28,218 CAD
Total Assessment
$89,798 CAD
  • Listing ID: 40606158

  • Date on Market: 2026-05-20

  • Last Updated:

  • Address: 7315 Woodley Ave, Van Nuys, CA 91406

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