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14920 Sherman Way
Van Nuys, CA 91405
INFILL CANVAS SFV · Land For Sale
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2.44 AC
Investment Highlights
- Sizeable and Transit Oriented
- Terms Available
- Generous Zoning
Executive Summary
The planning department’s allotment of values appurtenant to the zoning (for example: CHIP ? MIIP ? TOIA ? T-2) will allow for more units and scope than one would likely execute – density will therefore be driven not by policy allowances but by desired construction typology and desired parking ratio.
We look forward to proactive discourse with the market in our effort to select a buyer-partner who will envision a future painted with housing on this San Fernando Valley infill development canvas!
Property Facts Under Contract
1 Lot Available
Lot 529, 530
| Price | $9,950,000 | Lot Size | 2.44 AC |
| Price Per AC | $4,077,868.85 |
| Price | $9,950,000 |
| Price Per AC | $4,077,868.85 |
| Lot Size | 2.44 AC |
The Infill Canvas SFV Development Site is a flat 2.44 acre vacant parking lot in the Opportunity Zone. Zoning policy will allow more units theoretically than would likely be developed. Please download the brochure for more information.
Description
The subject property is smack dab between the East Valley’s major North/South arteries (Sepulveda Blvd. and Van Nuys Blvd.) and walking distance from all the amenities one would expect and desire when contemplating various forms of urban multifamily development in a quickly densifying urban environment; grocery, large hospital, pharmacies, schools, freeway, etc. Market rents and Sherman Circle (developed by IMT in 2011) start at $2,600 for 1-bed apartments. This is without a doubt a location that has transformed and will continue to transform rapidly. We look forward to proactive market discourse in our effort to select a buyer-partner who will envision a future painted with housing on this San Fernando Valley infill development canvas!
Property Taxes
| Parcel Number | 2220-005-024 | Improvements Assessment | $108,446 |
| Land Assessment | $982,770 | Total Assessment | $1,091,216 |
Property Taxes
