Attractive Basis in Prime Van Nuys – Offered at $890,000 ($178,000 per unit) and $332/SF, the property provides a low-basis entry point in the San Fernando Valley, well below replacement cost.
Qualified Opportunity Zone (QOZ) Benefits – Located in a federal Opportunity Zone, offering tax advantages including capital gains deferral and potential 100% tax-free appreciation if held for 10 years.
Transit-Oriented & Civic-Centric Location – Located near Van Nuys Blvd and Victory Blvd, the property leverages its TOC Tier 3 status to offer significant development incentives that drive ROI. Located steps from the Metro G-Line and Van Nuys Civic Center, the site is positioned for high-density residential growth, as well as supporting strong rental demand from a stable workforce.
Efficient Asset Footprint – Built in 1950, the 2,679 SF property sits on a 0.17-acre lot. The unit mix (1 studio, 4 one-bedrooms) aligns well with the high-demand rental market in Van Nuys.