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6167 Sylmar Ave
Van Nuys, CA 91401

$4,000,000 USD

Land For Sale  •  0.52 AC

Property Details

  • Property Type Land
  • Lot Size 0.52 AC
  • Zoning C2
58 Transit Score
76 Walk Score

Description

The lot is near many government buildings, providing easy access to potential future tenants with good incomes. Furthermore, its proximity to the LA Sheriff's Department and LAPD offers a sense of safety. Downtown Van Nuys is experiencing growth with job opportunities and rapid transit options, including the potential Metro Light Rail Project along Van Nuys Blvd, connecting the Orange Bus Line to the south and the City of San Fernando to the north, and possibly linking to the Sepulveda Pass Transit Corridor.

Metro staff are recommending a 9.2-mile light rail line between the Orange Line’s Van Nuys Station and the Sylmar/San Fernando Metrolink Station for the East San Fernando Valley Transit Corridor project. The Metro Board of Directors will consider adopting light rail as the “locally preferred alternative” at their next meeting. The new rail line would run mostly down the center of Van Nuys Boulevard and along the San Fernando railroad right-of-way, adjacent to San Fernando Road. The line would have 14 stations with an end-to-end travel time of 31 minutes. Metro staff determined that light rail was faster, offered more capacity and would better serve the community in the future than bus rapid transit (BRT), the other type of transit under study for the project. Van Nuys Boulevard is the second-busiest bus corridor in the San Fernando Valley and seventh-highest in the Metro system. The rail line would also offer transfers to/from the Orange Line, several busy Metro bus lines, Metrolink, Amtrak and two future Metro projects —the Sepulveda Transit Corridor rail line and the North San Fernando Valley BRT line.

Highlights

6:1 FAR by Right, 9.3:1 FAR with DB
Zoned C2, TOC Tier 4
Build 112 Units By-Right
Build 204 Units with TOC
Next to Van Nuys Courthouse
Located in Opportunity Zone

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 2.5 mi
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 7.2 mi
AirportDriveWalkDistance
Bob Hope 12 min - 6.3 mi
Los Angeles International 29 min - 20.4 mi
Filip Niculete 818-212-2748 Marcus & Millichap
Filip Niculete 818-212-2748 Marcus & Millichap