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16600 Vanowen St - Balboa Courts Development Site 4.32 Acres of Residential Land Offered at $15,950,000 in Van Nuys, CA 91406
Executive Summary
Property Facts
1 Lot Available
Lot 691
| Price | $15,950,000 | Lot Size | 4.32 AC |
| Price Per AC | $3,692,129.63 |
| Price | $15,950,000 |
| Price Per AC | $3,692,129.63 |
| Lot Size | 4.32 AC |
Evanisko Realty & Investment, Inc. is pleased to present the opportunity to acquire fee simple interest in 4.32 acres at 16600 Vanowen St. in the Lake Balboa neighborhood of the City of Los Angeles.
Description
Leverage Density Bonus to produce deed restricted housing Yield Potential: Over 600 units assuming four stories over garage and an average unit size of approx. 650 SF. We’d probably envision something more like 400. 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 Numbers | Improvements Assessment | $324,604 | |
| Land Assessment | $14,136,955 | Total Assessment | $14,461,559 |
Property Taxes
Presented by
16600 Vanowen St - Balboa Courts Development Site
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