9
See all 9 photos
$949,900
Est. payment /mo
5 Beds
4 Baths
Active
13918 Valerio Street Van Nuys, CA 91405
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25023556
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Large lot, two separate buildings, room to add and improve the property for value appreciation. Front 3 bd 2 bathrooms, separate building two 1 bd 1 bathroom units, ready for a new owner to renovate and/or choose their own tenants. -- Value-add potential by legalizing non-conforming spaces and/or adding ADU units.* -- High development potential for a lot size of 8,971 Sq Feet. Property is a duplex on title and use as 3 units, sold on an as-is where-is basis. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only. There are numerous potential uses of an ADU, such as rental income, multi-generational living, or guest accommodations. For multifamily properties, you might be allowed to convert up to 25% of the existing dwelling units into ADUs within existing space or build up to two detached ADUs. Note that new legislation, SB 1211, might expand opportunities for multifamily lots to construct up to eight detached ADUs. While lot size plays a role in overall development, the number of ADUs permitted on a single-family lot in Los Angeles is not solely determined by the lot square footage like in this property 8,971 sq ft lot.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Xst. Ranchito Ave, west of Woodman Ave, north of Vanowen St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 2216003038
Listed by Ricardo Munoz Excellence RE Real Estate