6819 VARIEL AVENUE, CANOGA PARK CA 91303

  • 4,380 sq.ft.
  • 9,003 sq.ft. lot
offered at $2,150,000
MLS#:21675552
Status: Active // Property Type:
County: Los Angeles // Year Built: 1959

Property Description

WARNER CENTER DEVELOPMENT - 20% DOWN, 80% SELLER FINANCING at 4.0% INTEREST ONLY for 2 years. Currently 100% occupied, this 6-unit multi-family building sits on a 9,003 sf parcel allowing a developer to earn income while plans and entitlements are underway. Eased building restrictions in the Warner Center allow for up to 36-units with NO HEIGHT RESTRICTIONS. Special zoning only requires 1/2 parking spaces per unit and there are NO REQUIREMENTS FOR AFFORDABLE HOUSING. This property is also located in an OPPORTUNITY ZONE, giving the developer an opportunity to build 36 units and in 10 years sell the property and pay ZERO CAPITAL GAINS TAX! Please do NOT disturb the Tenants!

Listing Courtesy of Chase Simonton, RE/MAX One

Interior Features

Heating: Wall Furnace
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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