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About the Listing DWE2N - DWMUNORI
Spacious Lot with Development Opportunity – Ideal for Investors or Owner-Occupants This property sits on a generous 8,971 sq ft lot and features two separate structures offering significant potential for improvement and value appreciation. The front building includes a 3-bedroom, 2-bathroom unit, while the rear structure consists of two 1-bedroom, 1-bathroom units—providing flexible living or rental options. With value-add potential, new ownership could renovate, select new tenants, or explore additional income opportunities. There is the possibility to legalize existing non-conforming spaces and/or add ADUs.* Key Features: Zoned as a Duplex, currently used as three units Ideal for investors seeking rental income or redevelopment Excellent potential for adding detached ADUs or converting existing space* Sold as-is, where-is Recent California legislation, such as SB 1211, may allow up to eight detached ADUs on multifamily lots—offering exciting possibilities for expansion. While lot size contributes to development feasibility, in Los Angeles, the number of permitted ADUs is not solely based on square footage. Whether for multigenerational living, guest accommodations, or additional rental income, the options are numerous.* *Buyer to perform their own due diligence. All information provided is deemed reliable but not guaranteed and is for reference purposes only.
Listing Highlights for 13918 Valerio St
Status
Active
Days on Site
194
Property Type
Multi-Family
MLS ®
DW25023556
Year Built
1953
Total Square Footage
1,264
Lot/Acreage
0.21
County
Los Angeles
Area
VN - Van Nuys
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR1
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $3,562
- Taxes w/Assessments: N/A
- Tax/Property ID: 2216003038
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
13918 Valerio St Van Nuys, CA 91405
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