6904 De Celis Place

Description

Presenting 6904-6910 De Celis Place, a unique multi-family development opportunity in Van Nuys consisting of four contiguous single-family lots totaling 49,688 sq. ft. Per Crest Real Estate report (available upon request), the General Plan designates the property's Land Use category as Low Medium II Residential, which allows the property to change its zoning to either RD1.5, RD2, RW2, or RZ2.5 without the need to obtain approval via a General Plan Amendment. A builder can develop 34 units by right and up to 68 1,500 sq. ft units on the site by leveraging development density bonus provisions. The development site is centrally located in Van Nuys, one of the most densely populated areas in the San Fernando Valley. Home to landmarks such as the Van Nuys Airport and the Valley Municipal Building, Van Nuys has strong socio-economic indicators and above-average public schools, several parks, coffee shops, and restaurants, making it a compelling area for development.

Listing information courtesy of: Omar Abaza, The Oppenheim Group, Inc. 310-564-6602. *Based on information from the Association of REALTORS/Multiple Listing as of 12/04/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.