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Listed by Ricardo Munoz • Excellence RE Real Estate
$949,900
Est. payment /mo
8,971 Sqft Lot
Pending
13918 Valerio ST Van Nuys, CA 91405
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRDW25023556
Year Built 1953
Lot Size 8,971 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Spacious Lot with Development Opportunity - Ideal for Investors or Owner-Occupants This property sits on a generous 8,971 sq ft lot and features two separate structures offering significant potential for improvement and value appreciation. The front building includes a 3-bedroom, 2-bathroom unit, while the rear structure consists of two 1-bedroom, 1-bathroom units-providing flexible living or rental options. With value-add potential, new ownership could renovate, select new tenants, or explore additional income opportunities. There is the possibility to legalize existing non-conforming spaces and/or add ADUs.* Key Features: Zoned as a Duplex, currently used as three units Ideal for investors seeking rental income or redevelopment Excellent potential for adding detached ADUs or converting existing space* Sold as-is, where-is Recent California legislation, such as SB 1211, may allow up to eight detached ADUs on multifamily lots-offering exciting possibilities for expansion. While lot size contributes to development feasibility, in Los Angeles, the number of permitted ADUs is not solely based on square footage. Whether for multigenerational living, guest accommodations, or additional rental income, the options are numerous.* *Buyer to perform their own due dilige
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Laundry Gas Hookup, 30
Exterior
Parking Features Other
Pool None
Building
Water District - Public
Others
Tax ID 2216003038
Special Listing Condition Not Applicable
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