13918 Valerio Street, Van Nuys, CA 91405

• 5 beds |
• 4 baths

Property Description

Spacious Lot with Development Opportunity Ideal for Investors or Owner-Occupants This property sits on a generous 8,971 sq ft lot and features two separate structures offering significant potential for improvement and value appreciation. The front building includes a 3-bedroom, 2-bathroom unit, while the rear structure consists of two 1-bedroom, 1-bathroom unitsproviding flexible living or rental options. With value-add potential, new ownership could renovate, select new tenants, or explore additional income opportunities. There is the possibility to legalize existing non-conforming spaces and/or add ADUs.* Key Features: Zoned as a Duplex, currently used as three units Ideal for investors seeking rental income or redevelopment Excellent potential for adding detached ADUs or converting existing space* Sold as-is, where-is Recent California legislation, such as SB 1211, may allow up to eight detached ADUs on multifamily lotsoffering exciting possibilities for expansion. While lot size contributes to development feasibility, in Los Angeles, the number of permitted ADUs is not solely based on square footage. Whether for multigenerational living, guest accommodations, or additional rental income, the options are numerous.* *Buyer to perform their own due diligence. All information provided is deemed reliable but not guaranteed and is for reference purposes only.

Listing Status:

Pending

Date Added:

February 24, 2025 at 08:00AM

Listing Office:

Excellence RE Real Estate :

Listing Agent:

Ricardo Munoz : 562-569-1371

MLS ID:

DW25023556

Exterior

• Pool: N/K

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor2216003038

Financial

• Source: California Regional MLS

This listing courtesy of Ricardo Munoz, Excellence RE Real Estate