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Image 1 - 5934 Murietta Ave, Van Nuys, California, 91401 - House for sale
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Murietta Ave, Van Nuys, Home For Sale
5934 Murietta Ave, Van Nuys, California, 91401

Murietta Ave, Van Nuys, Home For Sale

house for sale
Listed: 07/11/24

5934 Murietta Ave, Van Nuys, California, 91401

3 Bed:
1.5 Bath:
1,097 Sq Ft Living Area:
Save
Price
$ 1,3M
Price:  Average

About This House

We pleased to present the opportunity to acquire this rare7, 015 SFlot development opportunity located in the highly desirable Valley Glen neighborhood, and just about two blocks to the Van Nuys Transit station. The site offers a zoning ordinance ofLARD-1.5,which makes the site an attractive opportunity for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. The site is eligible to build up to thirty-five (35) affordable apartment units. There is a 3-bedroom + 1.5-bathroom single-family residence currently on the lot, which will be delivered 100% vacant. This is a high-demand rental location within close proximity to the Van Nuys Courthouse, restaurants, shops, and Valley college. The investment allows an investor to capitalize on a densely populated area that continues to experience rapid rent growth.

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Los Angeles Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
Show as List Show as Graph
In July 2024, the asking price for 3 bed houses for sale in/near Los Angeles, United States averaged $1,360,738, a decrease of 4.3% from the previous month.
Median price trends for properties for sale in Los Angeles, United States as of July 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.