We are proud to exclusively present for sale a Development Opportunity in Valley Glen area of Van Nuys, located at the corner of Ranchito Ave. and Victory Blvd. This is a fantastic opportunity for an investor / developer to acquire and build dream contemporary income property and take advantage of strong rent growth and positive market momentum in a dynamic Valley Glen area. Time is money and great lot cleared ready to build. Total square footage of building: 31,750 s.f. 24 units project includes mix of 13 units 3-Bedroom/3-Bathroom with an average 1580 square feet and 11 units 2-Bedroom/2 Bathroom with an average unit size 1180 square foot gross area. Current rents for unrenovated units average only $1.82 per square foot, while renovated units are achieving approximately $2.52 per square foot.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
