6904, 6908, & 6912 De Celis Pl.
6904 De Celis Pl., Van Nuys, CA 91406
Marketing description
Presenting 6904, 6908, & 6912 De Celis Place, a unique multi-family development opportunity in Van Nuys consisting of four contiguous single-family lots totaling 42,188.7 sq. ft. Despite currently being zoned R1-1, the General Plan designates the property's Land Use category as Low Medium II Residential, which allows the property to change its zoning to either RD1.5, RD2, RW2, or RZ2.5 without the need to obtain approval via a General Plan Amendment.
By leveraging development density bonus provisions and other developer-friendly bills that have recently been passed, a builder can develop up to 58 1,500 sq. ft units on the site.
The development site is centrally located in Van Nuys, one of the most densely populated areas in the San Fernando Valley. Home to landmarks such as the Van Nuys Airport and the Valley Municipal Building. Van Nuys has strong socio-economic indicators and above-average public schools, several parks, coffee shops. and restaurants, making it a compelling area for development.
Investment highlights
- Lot size: 42,188.7 sq. Ft.
- Estimated buildable area: 39,152.3 sq. Ft.
- Estimated maximum floor area: 117,456.9 sq. Ft.
- Parking - bicycle for 26-100 dwelling units
- 1 short-term space per is units 1 long-term space per 1.5 unit
- Parking - car
- Less than 3 habitable rooms
- 1 space per unit
- 3 habitable rooms
- 1.5 space per unit
- More than 3 habitable rooms
- 2 spaces per unit
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