5633-5715 Van Nuys Blvd
Van Nuys, CA 91401
Rare 1.68 Acres Lot - LAC2 - Tier 3 · Land For Sale · 1.68 AC

The Ghobadi Investment Team at Colliers International is pleased to present an exceptional opportunity for retail, dealership, owner-user or redevelopment at 5633-5715 Van Nuys Boulevard, Van Nuys, CA 91401. This site offers a prime location for an owner-user or residential / mixed-use redevelopment. Currently housing a Maserati Car Dealership, the property boasts a generous 1.68-acre lot with the potential to construct around 300 market rate apartment units under AB-1287 or over 400 affordable units with ED1. Strategically situated adjacent to Sherman Oaks, the property is zoned LAC2 and benefits from a Tier 3 TOC designation. With a convenient location just a short drive from the 101 and 405 freeways, this opportunity presents a gateway to accelerated success in the bustling urban landscape of Van Nuys. • Irreplaceable Location for Dealership/Retail/Owner-User • Exceptional redevelopment opportunity in thriving urban location • 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 with AB-1287 • 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)