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6961 Van Nuys Boulevard
Van Nuys, CA 91405
Janet Aguilera with Coldwell Banker Quality Properties, original listing - (661) 255-4600

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Property Details


List Price: $3,499,000
Beds: --
Baths: --
Status: Active
SqFt: 6938 Square Feet
Agency: Coldwell Banker Quality Properties
Agency Phone: (661) 255-4600

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Description/Comments


Lot Size: 0 sqft
Property Type: Commercial Sale-Other
Year Built: --
Notes: The property is currently home to an auto body shop and a couple of rental units that poses a fantastic development opportunity to build a high-density mixed-use project. Using LA's newly passed Citywide Housing Incentive Program (CHIP) and AB 1287, a developer has the potential to build over 75,000 square feet and over 110 apartments by building a mixed-income project. Additionally, using newly reformed Memo 143 for ADU additions, this unit count would be able to reach over 130 apartments. The newly passed CHIP also has very limited parking requirements, is not subject to hearing or appeals, and is eligible for CEQA streamlining, creating a unique opportunity for a high-density development in a high demand area. <br /> <br /> A brief overview is attached showing potential development scenarios. These scenarios utilize CHIP, AB1287 and Please note a developer would have to set aside portions of the project for low-income units.<br /> Buyer's Responsibility for Due Diligence<br /> The Buyer Acknowledges and agrees that the Buyer shall conduct its own independent investigation, due dilligence, and evaluation of the property. The<br /> buyer shall not rely on any assumptions or other information provided.<br /> The report was prepared by a reputable land use consultant, and if you are looking for more information, we can provide you with his contact information to set up a consultation
MlsNumber: --
ListingId: SR25061764


Listing Provided By: Coldwell Banker Quality Properties, original listing
Phone: (310) 403-1698
Office Phone: (661) 255-4600
Agent Name: Janet Aguilera
Disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Local Real Estate Expert

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Ken Sisson
ASCIIColdwell Banker Realty Studio City
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