Listing ID : 20616172
-
Beds
7 -
Year
1959
Description
WARNER CENTER DEVELOPMENT OPPORTUNITY. Currently a 100% occupied 6-unit multi-family building on a 9,003 sf parcel giving the developer an opportunity to earn income while plans and entitlements are underway. Eased building restrictions in The Warner Center allow for up to 40-units with NO HEIGHT RESTRICTIONS. Special zoning only requires 1/2 parking spaces per unit and there are NO REQUIREMENTS FOR AFFORDABLE HOUSING. LA is undergoing a massive revitalization project along 51-miles of the LA river which
Details
Type:
Multi-Family/Income Sale
County: Los Angeles
Tax ID: 2138022016
Net Operating Income: $62,071
Days on Market: 686
Number of Units: 6
Property Type: Residential Income
Sub Type: Multi Family
Zoning: LAR3
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6819 Variel Ave., Canoga Park, CA 91303
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Area Information 91303
Population:
28,189 Up .02% since 2010
Average Income:
$72,730
Average Age:
32Years
Gender:
51.8%Male
48.2%Female
48.2%Female
Households:
9,40834.52% with children
Average Value:
$777,769
Occupancy:
25.75%Owned
74.25%Rented
7.97%Vacant
74.25%Rented
7.97%Vacant
Education:
23.59%High School
5.15%Associate
17.52%Bachelor
7.93%Graduate
5.15%Associate
17.52%Bachelor
7.93%Graduate
Average Residency:
19Years
Crime Rate:
Above Average
Annual Rainfall:
16Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low
