Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. **Unlimited Density**: A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. **49 Units**: A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. **RTI Ready**: The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 820-6651
Listing Agent: Elham Khani
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.46 Acres
Other
Directions Information:
Directions: EAST ON WOODMAN, NORTH OF VANOWEN, SOUTH OF SHERMAN WAY
Price Information
Listing Price Info
Price Summary:
List Price: $2,980,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24443867
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 820-6651
Listing Agent: Elham Khani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/23/2024, 3:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Kittridge Street Elementary
13619 Kittridge St
Distance between this listing and this school0.41 miles
Public District Grades PK-5
5
/10
Hazeltine Avenue Elementary School
7150 Hazeltine Ave
Distance between this listing and this school0.55 miles
Public District Grades PK-5
4
/10
Andres and Maria Cardenas Elementary
6900 Calhoun Ave
Distance between this listing and this school0.62 miles
Public District Grades KG-5
Nearby Schools
5
/10
Madison Middle School
13000 Hart St
Distance between this listing and this school0.84 miles
Public District Grades 6-8
4
/10
Valley Charter Middle School
14646 Sherman Way
Distance between this listing and this school1.26 miles
Public Charter Grades 6-8
5
/10
Lashon Academy
7477 Kester Ave
Distance between this listing and this school1.68 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Champs - Charter High School of Arts-Multimedia & Performing
6842 Van Nuys Blvd
Distance between this listing and this school0.95 miles
Public Charter Grades 9-12
7
/10
Van Nuys Senior High School
6535 Cedros Ave
Distance between this listing and this school1.38 miles
Public District Grades 9-12
2
/10
Will Rogers Continuation
14711 Gilmore St
Distance between this listing and this school1.45 miles
The neighbors living near this home have an average income of $48,462. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6948 N Woodman Ave
What is the listing price of this property?
The listing price of 6948 N Woodman Ave property is $2,980,000.
What type of property is this?
The property 6948 N Woodman Ave is land located in Van Nuys, California, 91405.
Is this property for sale now?
Active Listing: 6948 N Woodman Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 6948 N Woodman Ave in Van Nuys, CA and zip code 91405 in the The San Fernando Valley neighborhood. This home sits on a 0.46 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $2,980,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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