Van Nuys, CA 91411,5950 Cedros
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Robyn Flint

Robyn Flint

+1(858) 414-1153
$ 5,877,000
Est. payment | /mo

0.71 Acres Lot

Save
$ 5,877,000
Est. payment | /mo
Save

0.71 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR25172430

Lot Size 0.706 Acres

Property Sub-Type Lots/Land

Property Description

We are pleased to present the opportunity to acquire fee simple interest in 5950 N. Cedros Ave. (et. al. addressees) AKA the Valley Metro development site; a 30,735 SF transit-oriented development opportunity. The site is just steps from the intersection of the new East Valley Metro line stop AND the Orange Line at Van Nuys Blvd. and Oxnard St. In addition to its transit-oriented location, the values appurtenant to the base zoning couldnt be any more enticing for the permitting and funding of affordable housing. The sites yield will be dictated by the taste of the developer and their capital constraints and not by zoning policy as virtually all entitlement pathways under CHIP ( DB, MIIP, or AHIP) will allow unlimited density, more FAR than is needed, and likely more height than needed all without a planning case! It may be a logical use of the site worthy of consideration to develop five stories across the 21,568 rectangular portion and use the current parking lot for parking, trash enclosure, and amenities. By our calculations this could produce, conservatively, about 59,655 SF of leasable area within five stories Type IIIA. Assuming an average unit size of 500 SF, this would produce a yield of about 120 units.

Location

State CA

County Los Angeles

Direction Just west of the intersection of Van Nuys Blvd. and Oxnard St.

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 2244006039

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

MLS Router / San Diego MLS
Listed by Francis Evanisko Evanisko Realty & Investment

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Ararat Charter

    Public | KG - 5

  • 9

    Dixie Canyon Community Charter

    Public | KG - 5

  • 8

    Lanai Road Elementary School

    Public | KG - 5

  • 8

    Hesby Oaks Leadership Charter

    Public | KG - 8

  • 8

    Kester Elementary / Magnet

    Public | PK - 5

  • 8

    Sherman Oaks Elementary Charter

    Public | KG - 5

  • 8

    Chandler Learning Academy

    Public | KG - 5

  • 7

    Ivy Bound Academy of Math, Science, and Technology

    Public | 5 - 8

  • 7

    Valor Academy Charter

    Public | 5 - 8

  • 6

    Riverside Drive Charter

    Public | KG - 5

  • 6

    Monlux Elementary School

    Public | KG - 5

  • 5

    Cohasset Elementary School

    Public | KG - 5

  • 5

    Noble Avenue Elementary

    Public | KG - 5

  • 5

    Ranchito Avenue Elementary School

    Public | KG - 5

  • 5

    Kittridge Street Elementary

    Public | PK - 5

  • 5

    Erwin Elementary

    Public | KG - 5

  • 5

    Coldwater Canyon Elementary School

    Public | KG - 5

  • 4

    Valerio Elementary School

    Public | PK - 5

  • 4

    Michelle Obama Elementary

    Public | KG - 5

  • 4

    Hazeltine Avenue Elementary School

    Public | PK - 5

Middle Schools 9
  • 6

    Millikan Middle School

    Public | 6 - 8

  • 5

    Madison Middle School

    Public | 6 - 8

  • 4

    Robert Fulton College Prep

    Public | 6 - 12

  • 2

    Vista Middle School

    Public | 6 - 8

  • 1

    Van Nuys Middle School

    Public | 6 - 8

  • 0

    Los Angeles Hebrew High School

    Private | 7 - 12

  • 0

    Options for Youth-Hermosa Beach, Inc.

    Public | 7 - 12

  • 0

    Harvard-Westlake School

    Private | 7 - 12

  • 0

    Emerson Academy

    Private | 6 - 12

High Schools 13
  • 7

    Van Nuys Senior High School

    Public | 9 - 12

  • 6

    CHAMPS - Charter High School of the Arts - Multimedia and Performing

    Public | 9 - 12

  • 6

    Ulysses Grant High School

    Public | 9 - 12

  • 5

    Valor Academy Charter High School

    Public | 9 - 12

  • 2

    Jack London Community Day

    Public | 9 - 12

  • 1

    Panorama High School

    Public | 9 - 12

  • 0

    Will Rogers Continuation

    Public | 9 - 12

  • 0

    Cal Burke High School

    Public | 9 - 12

  • 0

    St Genevieve High School

    Private | 9 - 12

  • 0

    Notre Dame High School

    Private | 9 - 12

  • 0

    Academy of Amherst Jr-Sr High School

    Private | 10 - 12

  • 0

    Jack London Continuation

    Public | 9 - 12

  • 0

    Coldwater Canyon Preparatory

    Private | 9 - 12

School and business data provided by Attom Data.
Robyn Flint

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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5950 Cedros