Listed By:
Daniel Baird with Sperry Van Ness;
Address
14728 Friar Street, Van Nuys, CA
Price
$ 1
Property Attributes
  • MLS#24354247
  • TypeLand
  • CountyLOS ANGELES
  • CityVan Nuys
  • Zip91411
  • Style
  • Price$ 1
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,251 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

ONLY AVAILABLE TO OPPORTUNITY ZONE, 1031 EXCHANGE AND PREMIUM BUYERS! NOT a distressed property and will NOT be sold for $1. Proud to present this OPPORTUNITY ZONE multifamily development property located on 14728 Friar St., Van Nuys, CA 91411. The site is in mid-construction entitled with a unit mix of 2 one bedrooms and 10 two bedrooms (10 market rate and 2 low income). Units average around 950 SF. Property is located just west of the intersection o Friar Street and Cedros Avenue, 1 block south o Victory Boulevard. It is in close proximity to the 405 Freeway, Van Nuys Airport, Gol course, Wildlife Reserve and major thoroughfares to the San Fernando Valley including Sepulveda Blvd., Victory Blvd., Oxnard St. and Sherman Way. The subject property is less than a 10 minute walk to Van Nuys High School and local retail, shops and restaurants on Victory Blvd. MOST NOTABLE BENEFIT: This property is located in an Opportunity Zone! Qualified Opportunity Funds (QOF) and 1031 Exchange Buyers expect to be able to take advantage of unique tax benefits if held for more than ten years. Investors may eliminate all capital gains accrued with the Ozone property from the day of purchase! **All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants. Our team can refer O- Zone specialists, if needed.

Price History
2/2/2024 Listed $1

General Features

Zoning LAR3
View None
County Los Angeles
New Construction No
Property Type Land
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions From Ventura Blvd,head north on Kester. Turn right on Friar (right before hitting Victory Blvd).
City Van Nuys
View Y/N No
Senior Community Y/N No
Lot Size Square Feet 6250.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Friar
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 40
Standard Status Active
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Total Parking 0.0
Lot Size Area 6250.0
Spa No
Lot Dimensions 50x125
Lot Size Acres 0.1435
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 91411

Price
AVG $K
$K
Visits
AVG 131
130
Data Provided by Inside Real Estate®

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