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 units—providing 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 lots—offering 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.
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 units—providing 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 lots—offering 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.
Property Details
Price:
$949,900
MLS #:
DW25023556
Status:
Active
Baths:
0
Address:
13918 Valerio Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
vnvannuys
City:
Van Nuys
Listed Date:
Feb 24, 2025
State:
CA
ZIP:
91405
Lot Size:
8,971 sqft / 0.21 acres (approx)
Year Built:
1953
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Taxes
$3,562
Tenant Pays
Electricity, Gas
Map
Community
- Address13918 Valerio Street Van Nuys CA
- AreaVN – Van Nuys
- CityVan Nuys
- CountyLos Angeles
- Zip Code91405
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13918 Valerio Street
Van Nuys, CA
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