Multiple Listing Service Los Angeles Real Estate

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11950 RIVERSIDE DR, VALLEY VILLAGE, CA. 91607

Listing Price: $925,000 Sold Price: $875,000
Beds: N/A | Baths: N/A

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Details

MLS#: 15-894311

APN#: 2355-014-033

Status: Sold

Lot Size: 6287

Sq Ft: N/A

Beds: N/A

Baths: N/A

Style: N/A

Year Built: N/A

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: N/A

Heat: N/A

Air: N/A

Property Type: Land

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: $0.00(N/A)

Area: Valley Village

City: VALLEY VILLAGE

Zip code: 91607

Map: 562/G3

View: Other

Waterfront: N/A

Sewer: N/A

Parking # N/A

Security: N/A

Amenities: N/A

Pool:

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: N/A
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Remarks Community Report

We are pleased to present a rare development opportunity in Valley Village, California. Located at 11950 Riverside Drive, the property is zoned R3 which will allow a developer to build seven apartment units and potentially more through a 30 percent density bonus. Also, there is currently a single family residence on the land so the investor can enjoy income while they go through the entitlement process. Valley Village is known as one of the best submarkets in the San Fernando Valley with rents increasing at a strong rate.Located a few doors down, recently developed IMT Valley Village - Phase II is receiving average rents of $2.30 per square foot. For one bedroom units, the rents range from $2,200 to $2,565, and for two bedroom units, the rents range from $2,245 to $3,475.

Seller's Agents

- Name: Tuvia, Jason | Email
- Phone: 818-212-2735
- Cell: 818-448-4415
- CalDRE #: 01772495
- YouTube
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Manukyan, Izabell | Email
- Phone: 818-5991444
- Cell: 818-5991444
- Lic #: 01726552
- Office: Coldwell Banker Hallmark
- Office Phone: 818-861-1600
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 10/14/2015 2:49:51 PM

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