6640 Kester Ave, Van Nuys, CA 91405
6640 Kester Ave, Van Nuys, CA 91405
6640 Kester Ave, Van Nuys, CA 91405
6640 Kester Ave, Van Nuys, CA 91405
6640 Kester Ave, Van Nuys, CA 91405
6640 Kester Ave, Van Nuys, CA 91405
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Shantrece's Assistant

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$ 1,495,000
Est. payment | /mo

0.25 Acres Lot

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$ 1,495,000
Est. payment | /mo
Save

0.25 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26103044

Lot Size 0.253 Acres

Acres 0.1266

Property Description

NEW PRICE! REDUCED $100,000! Exceptional opportunity to acquire an approximately 11,095 SF flat corner development site in Van Nuys, now offered at just $1,495,000 (approximately $135/SF). Zoned [Q]RD1.5-1, the property offers excellent potential for multifamily development and is located within CHIP's Transit Oriented Incentive Area (TOIA) Tier 2, providing potential development incentives for qualifying mixed-income housing projects. The site should clear SB 8 and may also be a strong candidate for 100% affordable housing development under Executive Directive 1 (ED 1), subject to City review and buyer verification. Located within a Qualified Opportunity Zone, offering potential federal tax incentives for qualifying investments. The property consists of vacant, level land with no tenant relocation or demolition costs, allowing developers to pursue their vision without the complications of existing occupants or structures. Conveniently situated near major freeways, employment centers, shopping, dining, and amenities throughout the San Fernando Valley. An excellent opportunity for developers, investors, and 1031 exchange buyers seeking a well-positioned infill development site with multiple potential development strategies. Buyer to independently verify zoning, lot size, entitlements, development capacity, SB 8 status, CHIP incentives, ED 1 eligibility, Opportunity Zone benefits, and all other property information with the appropriate agencies.

Location

State CA

County Los Angeles

Area East Van Nuys

Zoning LARD1.5

Exterior

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Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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6640 Kester Ave