T.O.C. Tier-3*** Next To The Van Nuys Metro-Rail Station* **Located In A Transit Priority Area With Density Bonus*** Located In A Los Angeles State Enterprise Zone*** C2-1VL Zoning*** One Lease On The Current Building Expires At Year End 2018, Two Leases Expire At The End Of 2019 With Possibilities To Extend*** 1.9% Vacancy Rates In Van Nuys Compared To 3.7% In Los Angeles*** Seller Requires Until January 2019 To Close, $500K to be released from escrow upon removal of contingencies allowing the Buyer time to entitle the property***Three Tenants, Two Scheduled by Lease to Leave by the End of 2019, One By The End Of 2018, Possibility To Extend. By Right You May Build 131 Units By Adding One Half The Alley In The Back, Which Is 1,900 Sq Ft, For a Total of 30,710 Sq Ft., Divide This Number by 400 Sq Ft Per Unit Equaling 77 Units. 77+54=131. Possibility to maybe add more units, please confirm with the city.
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