13840 Sherman Way

Van Nuys, CA 91405

  • 0 Sqft
  • 45854
    Sqft(Lot)
$4,575,000

Description

We are proud to present for sale a rare vacant lot, measuring over an acre, with entitlements for an 85-unit 100% affordable housing project in van nuys! at around 45,700 sf of open land, this price pencils to around $100 psf on the dirt! situated with an entrance on sherman way but sitting behind a duplex fronting the boulevard, this property will benefit from visibility on a busy road, but separation from the hustle and bustle of the street traffic. sandwiched between woodman ave. and hazeltine ave., the property is under two miles from the metrolink station. the property is labeled as toc 1. walk score calls this area very walkable, and future residents will benefit from restaurants, shopping and markets all around, including a ralphs supermarket and a norms restaurant half a block away. entitlements are approved as affordable housing without utilizing ed1. the project will be delivered in it's as-is condition, and will not be delivered rti. buyers to be solely responsible for continuing with the project and getting ladbs approvals. the entitlements call for 80% of the units (67 units) designated as low income / schedule 9, 20% of the units (18 units) as moderate income / schedule 6, and one manager's unit. the type v design consists of 53 one bedrooms, 14 two bedrooms and 19 studios, with laundry rooms on each floor, 72 surface level parking spaces open to the sky, an elevator and rooftop access. there is a future possibility to convert part of the massive open-to-the-sky surface parking lot into adus.

  • Property Type

    Land

  • County

    Los Angeles

  • Style

    Land

  • AD ID

    48332367

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BuyOwner last updated this listing 01/20/2025 @ 20:37

  • MLS: 25482263
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 45,854 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Van Nuys , in zip code 91405, this Los Angeles County Land are nearby neighborhoods.