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Jeff Glass
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Mobile Phone:
714-325-1814
jaglass@
regencyre.com

DRE# 01737329
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Buyer Info
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Seller Info
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FOR SALE
$1,325,000

7005 Woodley Avenue
Van Nuys, CA 91406

Single Family
Residence
2
Beds
1
Baths
1,207
Sq. Ft.
0.26
Acre Lot
1of
Photos
Map
Courtesy: Lee Williams - Keller Williams Palos Verdes
CRMLS Homeseekers> California> Van Nuys> 91406
Excellent development opportunity in the heart of Lake Balboa, California. This corner lot property is zoned R3-1 on approximately 11,316 SF (approximately .26 acres) lot. With current zoning, a developer can potentially build 14 units "By Right. " By taking advantage of Los Angeles' Density Bonus program, which allows more residential units with reduced parking requirements, up to 21 units can be potentially be built with no RSO, Ellis, or relocation issues. The existing 1,207 SF structure is a single-family house located in the high-demand rental market of Lake Balboa with close proximity to the 405 and the 101. Convenient to the Metro Orange Line, the Van Nuys FlyAway Bus Terminal, Sepulveda Basin Wildlife Reserve, Woodley Park Archery Range, the Japanese Garden, and of course, Lake Balboa Park, the property is also a short distance to the newest Vallarta mega-supermarket scheduled to open this summer. 7005 Woodley Avenue is ideally located in the epicenter of the San Fernando Valley, with investor/landlord prime market conditions, heightened demand for multi-family housing and growth potential. CONTACT LISTING AGENT FOR BRICK+WORK REPORT. Buyer to verify square footage, by-right and potential construction opportunities including TOC, Density Bonus and Enterprise Zone incentives. DO NOT DISTURB TENANTS, DRIVE BY ONLY. This is a rare opportunity for the right investor.
PV20264144
Single Family, 1 Story
2
Los Angeles
1 Full
1940
0.26 Acres
Public
1
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Lee Williams - Keller Williams Palos Verdes
Licensed in: DRE# 01726182
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Based on information from CRISNet MLS as of 4/14/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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