Log In/Sign Up
Your email has been sent.
NO ADDRESS Archwood St
Van Nuys, CA 91406
Edge @ Lake Balboa · Land For Sale
·
1.18 AC
Investment Highlights
- vacant flat land with multifamily prevailing zones
- no tenants
- sizeable corner lot
Executive Summary
Evanisko Realty & Investment, Inc., as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in 51,558 Sq. Ft. of land in the Lake Balboa neighborhood of the City of Los Angeles.
The flat vacant corner site is walking distance to one of Los Angeles’ largest recreation amenities; Sepulveda Basin. The development of multiple residential product typologies are possible on the site from traditional single family to dense forms of deed restricted apartments leveraging state bonus density policy.
The flat vacant corner site is walking distance to one of Los Angeles’ largest recreation amenities; Sepulveda Basin. The development of multiple residential product typologies are possible on the site from traditional single family to dense forms of deed restricted apartments leveraging state bonus density policy.
Property Facts
1 Lot Available
Lot C
| Price | $6,819,330 CAD | Lot Size | 1.18 AC |
| Price Per AC | $5,761,472.03 CAD |
| Price | $6,819,330 CAD |
| Price Per AC | $5,761,472.03 CAD |
| Lot Size | 1.18 AC |
Flat, vacant, corner lot consisting of 51,558 sq ft .of land with an RD1.5 and RD5 conforming zone.
Description
Leverage Density Bonus to produce deed restricted housing Yield Potential: Over 150 units assuming three over garage and an average unit size of approx. 650 SF. Planning Mechanisms Required: State Density Bonus. AB1763 – Site qualifies for unlimited density assuming 100% affordable as it falls with in Gov. Code §65915(o) Transit Rich Area which includes being within ½ mile of a High-Quality Transit Corridor (according to Zimas).
Property Taxes
| Parcel Number | 2231-007-025 | Improvements Assessment | $0 CAD |
| Land Assessment | $348,505 CAD | Total Assessment | $348,505 CAD |
Property Taxes
Parcel Number
2231-007-025
Land Assessment
$348,505 CAD
Improvements Assessment
$0 CAD
Total Assessment
$348,505 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
