7005 Woodley Avenue
Van Nuys, CA 91406
- – beds
- – baths
- – sqft
- 11,314 sqft lot
- – on site
We are pleased to present an 11,314 square foot RTI development site located at 7005 N Woodley Avenue in Van Nuys, California. The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue. This offering is positioned a one (1) large corner lot totaling 11,314 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right, a maximum height of 45 feet by-right, and a FAR of 3:1 by-right. Additionally, this offering is fully entitled utilizing the city Density Bonus incentive program, allowing for a 35% bonus to unit count and FAR, twenty-one (21) RTI units and 4.05:1 respectively, and a height increase to 56 feet. There are thirty-five (35) total parking spots in the plans, with ten (10) on-grade and twenty-five (25) on one level subterranean. The plans also include a rooftop deck common area, and four (4) recreation rooms with layouts that are nearly identical to their adjacent one-bedroom unit counterparts, making these recreation rooms a breeze to convert into ADU units. Totaling twenty-five (25) units after ADU conversion, the unit mix is great and consists of thirteen (13) one-bedroom / one-bathroom units, four (4) one-bedroom / one-bathroom ADU units, and eight (8) two-bedroom / two-bathroom units. In accordance with the Density Bonus program, one (1) one-bedroom and one (1) two-bedroom unit are set aside for very low income. Situated in a solid Van Nuys location, this offering presents an excellent opportunity for any developer to capitalize on a fully RTI development site in one of the most populous municipalities in Los Angeles.
Last checked:
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Last updated Nov 18, 2024
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MLS# 24445861 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue.
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Latitude:34.19777900
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Longitude:-118.48401000
The Property
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Property Type:Land
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Zoning:LAR3
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Lot Features:Value In Land
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Lot Size Area:11314.0000
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Lot Size Dimensions:100x114
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Lot Size Acres:0.2597
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Lot Size SqFt:11314.00
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Lot Size Source:Assessor
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View:1
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View:City Lights
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2224010009
The Community
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Senior Community:No
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Inclusions:RTI Plans for 21 Units and 4 Rec Rooms to be Converted to ADUs.
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Association:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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11/18/24
Nov 18, 2024
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Price Changed | CRMLS_CA | $1,600,000 | -8.6% |
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9/27/24
Sep 27, 2024
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Relisted | CRMLS_CA | $1,750,000 | 32.1% (8.6% / YR) |
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5/6/21
May 6, 2021
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Pending | CRMLS_CA |
