Valley Glen, CA 91401,13694 Erwin ST
Valley Glen, CA 91401,13694 Erwin ST
Valley Glen, CA 91401,13694 Erwin ST
$1,320,000
Est. payment /mo
$1,495,000
11.7%
Est.Price: ?

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8,969 Sqft Lot
SOLD DATE : 08/03/2023

Key Details

Sold Price $1,320,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23252895

Sold Date 08/03/23

HOA Y/N No

Lot Size 8,969 Sqft

Property Description

We 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 TOCor 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 a short distance to the Orange Line Station (about 0.2 Miles away!), 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 nightlife around the corner! Easy access to the 405, 101, and 170 freeways will make it an easy commute for those who prefer a car over public transportation!

Location

State CA

County Los Angeles

Area Vg - Valley Glen

Zoning [Q]R3-1 Tier 3

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 2330014020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dario Svidler • Keller Williams Beverly Hills
Bought with Dario Svidler • Keller Williams Beverly Hills

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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