Exceptional Location for Retail, Dealership, Owner-User & Redevelopment in Van Nuys CA: ±300 Market Rate Units, 1.68 AC, LAC2, Tier 3

Price: $16,000,000 | Irreplaceable Location for Dealership/Retail/Owner-User

Lot Size: 73,113 Square Feet | Building Size: 20,065 Square Feet

ADDRESS

5633-5715 Van Nuys Blvd
Van Nuys, CA 91401

PROPERTY HIGHLIGHTS

• Exceptional redevelopment opportunity in thriving urban location

• Irreplaceable Location for Dealership/Retail/Owner-User

• Will be delivered vacant at close of escrow

• Current owner is operating his Maserati & Alfa Romeo Dealership

• Potential to build ±300 market rate apartment units

• Potential to build 400+ units 100% affordable with ED1

• Huge 1.68 acre lot - Building Size 20,065 Sq. Ft.

• Two adjacent lots on Van Nuys Boulevard

• Zoned LAC2

• TOC Tier 3

• Sherman Oaks adjacent

• Strategically located just north of Burbank Boulevard on Van Nuys Boulevard

• Short drive to 101 and 405 Freeways

• Minutes away from Westfield Fashion Square to the south and Orange Bus line to the north (Van Nuys Station)

PROPERTY INFORMATION

Year Built: 1950/1963

Building Square Feet: 20,065 SF

Lot Size: 73,113 SF

APN: 2244-027-026; 2244-028-022

Zoning: LAC2

TOC: Tier 3

Opportunity Zone: No