$9,950,000

Est. payment - /mo

2.46 Acres Lot

Active

7117 Kester AVE Van Nuys, CA 91405

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25090427

HOA Y/N No

Lot Size 2.457 Acres

Property Description

Evanisko Realty & Investment, Inc., as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in 14920 Sherman Way (et. al. addressees) AKA the “Infill Canvas SFV” development site; a 2.44-acre transit-oriented development opportunity with frontage on two streets (Sherman and Kester) steps from the burgeoning transit intersection of Van Nuys Boulevard and Sherman Way.

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!

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning P1-1VL

Interior

Fireplace No

Exterior

Community Features Urban, Valley

View Y/N Yes

View City Lights, Mountain(s), Neighborhood

Building

Lot Description 36-40 Units/Acre, 31-35 Units/Acre, Irregular Lot, Lot Over 40000 Sqft, Over 40 Units/Acre, Rectangular Lot

Water Public

New Construction No

Others

Senior Community No

Tax ID 2220005024

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Government Loan

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Government Loan

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=5g-tnvvvVv0&feature=youtu.be

Listed by Francis Evanisko Evanisko Realty & Investment 213-200-6957

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