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For Sale

$5,500,000

14401 Calvert ST
van Nuys, CA 91401

Presented for sale is an over half acre corner lot in the heart of Van Nuys. This property, a block away from City Hall, is surrounded by a quickly changing neighborhood that is prime for redevelopment. The corner lot, with 150 feet of frontage on both Sylmar Ave. and Calvert St., will allow for tremendous flexibility in design and accommodation of the parking & light for a future project. With a recently up-zoned TOC Tier 4 along with the Qualified Opportunity Zone designation, maximize the potential for a future build. If the aim is housing, 112+/- Units is very doable! Or utilize TOC & density benefits, and build 204+/- Units! Or make it a mixed use property! The lot is adjacent & close to many Government Buildings from which to draw future tenants with good incomes. Being across the street from the LA Sheriff Department & around the corner from the LAPD, that warm feeling of safety abounds. Consider the likely-to-happen Metro Light Rail Project down the center of Van Nuys Blvd. that is meant to run from the Orange Bus Lineto the City of San Fernando...and with a possible connection to the Sepulveda Pass Transit Corridor. At a little over $49k per buildable door by-right & NO RSO & NO ELLIS or relocation needs, this property is priced to sell. Seller Financing with attractive terms will be a requirement of sale. Also known as 6167 Sylmar Ave. Read More

Market Status
Available
Last Updated
May 2, 2021

Property Type
Land
Architecture
Lots/Acreage
Property Type
Lots And Land;

Local Market Conditions

There are currently 36 properties for sale in the van Nuys, CA area with the average listing price of $815,826. This represents an increase of +5.2% over the previous week. The 3 bedroom homes saw the largest increase in the average listing price over the previous week with a +1.8% increase. To learn more about the van Nuys, CA area, contact a local expert!

Market Snapshot for van Nuys, CA

Avg. Listing Price

$815,826

Wk ending May 1

$+40,385

+5.2%

w-o-w

36

43

39

18

18

12

Average Listing Price for van Nuys, CA
No. BedroomsNo. Beds Week Ending
(May 1)
w-o-w Week Ending
(Apr 24)
Week Ending
(Apr 17)
Week Ending
(Apr 10)
All PropertiesAll $815,826 +5.2% $775,441 $769,442 $762,743
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $560,650 +0.0% $560,650 $578,986 $592,098
3 bedrooms3 BR $816,275 +1.8% $802,180 $789,572 $778,576
4 bedrooms4 BR $820,429 +0.8% $814,167 $824,250 $839,286

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This $5,500,000 Land at 14401 Calvert ST in van Nuys, CA is offered by Dario Svidler and has been on the market for 51 days. This $5,500,000 Land, located in the 91401 zip code, has the following property features: Property Type. This 14401 Calvert ST Land, located in Los Angeles County , is listed under MLS listing number 21-706838 and has a listing price of $5,500,000. You can find more van Nuys homes for sale here.

Data Provided by Combined LA Westside Multiple Listing Service, Inc

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