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:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Duplex
Neighborhood:
vn
Listed Date:
Oct 27, 2025
Total Sq Ft:
1,264
Lot Size:
8,971 sqft / 0.21 acres (approx)
Year Built:
1953
See this Listing
Schools
Interior
Laundry Features
GAS, WH
Exterior
Community Features
URB
Financial
Taxes
$3,562
Map
Community
- AddressValerio ST Lot 223 Van Nuys CA
- CityVan Nuys
- CountyLos Angeles
- Zip Code91405
Subdivisions in Van Nuys
Market Summary
Current real estate data for Single Family in Van Nuys as of Nov 09, 2025
153
Single Family Listed
39
Avg DOM
276
Avg $ / SqFt
$553,423
Avg List Price
Property Summary
- Valerio ST Lot 223 Van Nuys CA is a Single Family for sale in Van Nuys, CA, 91405. It is listed for $949,900 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1953. The average price per square foot for Single Family listings in Van Nuys is $276. The average listing price for Single Family in Van Nuys is $553,423.
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Valerio ST Lot 223
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