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- LoopNet Team
13694 Erwin St
Valley Glen, CA 91401
Build 7± Units by Right, 14± Units by TOC · Land For Sale · 0.21 AC
Investment Highlights
- Build 7± Units by Right, 14± Units by TOC or Even More if 100% Affordable Housing
- LA Valley College with approximately 20,000 students a year is about a mile away
- Easy access to the 405, 101, and 170 freeways
- 0.2 Mile Walk to the Orange Bus Line Metro Station
- Pedestrian Friendly area
PROPERTY FACTS
Property Type | Land | Total Lot Size | 0.21 AC |
Property Subtype | Residential |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.21 AC |
Description
Partners CRE are proud to exclusively present for sale a rare corner Vacant Lot in Valley Glen, the middle of everything in the San Fernando Valley! Build 7± Units by Right or 14± Units by TOC…or go 100% Affordable Housing and build even more! This property is ready for entitlements! Boasting 95 feet of frontage on Woodman Ave. and 95 feet of frontage on Erwin St., this very visible lot is situated on the southeast corner of the intersection. With 8,791 SF of [Q] R3-1 Tier 3 Zoning, this Vacant Lot can become can become the go-to place to rent in the area, with the street views being unobstructed and the properties in the area being low-rises or single family homes. The Q Condition limits the non-incentive height to 35 feet and the density to 1 unit per 1,200 SF, but bring your TOC or Affordable Housing ideas and make this lot shine! At about $166 Price Per SF of Land and no relocation needs, no Ellis needs and no RSO obligations, this property is priced to sell! This Central Valley location is walking distance to the Orange Line Station (about 0.2 Miles away, or a five minute walk max!), so little or no parking should not be a detriment! The Orange Line serves the Valley from North Hollywood to Chatsworth, from Woodland Hills to the Metro Red Line. LA Valley College is around a mile from the property and serves approximately 20,000 students a year, many of which are from out of town and looking for the best rentals in the area. And with an average household income over $84,000 within a one mile radius, the future rental pool for a new construction Project on this lot is very promising. Sandwiched between Victory Blvd. and Oxnard St., both are destinations for shopping and dining, and some walk-to nightlife! Easy access to the 405, 101, and 170 freeways will make it an easy commute for those who prefer a car over public transportation!
Links
PROPERTY TAXES
Parcel Number | 2330-014-020 | Improvements Assessment | $0 |
Land Assessment | $1,320,000 | Total Assessment | $1,320,000 |
PROPERTY TAXES
zoning
Zoning Code | [Q]R3-1 Tier 3 (The Q Condition limits the non-incentive height to 35 feet and the density to 1 unit per 1,200 SF) |
[Q]R3-1 Tier 3 (The Q Condition limits the non-incentive height to 35 feet and the density to 1 unit per 1,200 SF) |
Learn More About Investing in Land
Listing ID: 28030701
Date on Market: 3/21/2023
Last Updated:
Address: 13694 Erwin St, Valley Glen, CA 91401
The Land Property at 13694 Erwin St, Valley Glen, CA 91401 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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