Overview
- SingleFamilyResidence
- 2
- 1
- 811
- 2
- 1949
Description
Prime opportunity for investors and developers on this 7,774 sq ft corner lot with two driveways and excellent access. The property offers multiple development paths, including SB 9 Two-Unit Development, a potential Urban Lot Split, or a full ground-up rebuild of two new homes. Corner lots rarely offer this level of design flexibility and efficiency. For value-add buyers, the existing main house also provides strong potential: fix and update the home, convert the detached 2-car garage into an ADU, and/or add an additional detached ADU (if not pursuing SB 9). This creates several viable exit strategies, from rental income to resale of multiple units. A versatile development site in a central Van Nuys location near major freeways, retail, and employment centers. Bring your vision and maximize the potential of this unique parcel.
Address
Open on Google Maps- Address Covello
- City Van Nuys
- State/county Los Angeles
- Zip/Postal Code 91405
Details
Updated on December 16, 2025 at 5:08 pm- Property ID: HZSR25274636
- Price: $659,000
- Property Size: 811 SquareFeet
- Bedrooms: 2
- Bathroom: 1
- Garages: 2
- Year Built: 1949
- Property Type: SingleFamilyResidence
- Property Status: Residential
- Listed by: Luke Smith
- DRE #: 02037906
- Contact Phone: 310.702.0128
- Contact Mail: lukesmithproperties@gmail.com
- Brokered by: Real Brokerage Technologies, Inc.
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