Pending

5950 Cedros Avenue

Van Nuys, CA 91411

$5,877,000 $24,777/Mo

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Overview

30,735

Sqft(Lot)

Description

We are pleased to present the opportunity to acquire fee simple interest in 5950 N. Cedros Ave. (et. al. addressees) AKA the “Valley Metro” development site; a 30,735 SF transit-oriented development opportunity. The site is just steps from the intersection of the new East Valley Metro line stop AND the Orange Line at Van Nuys Blvd. and Oxnard St. In addition to its transit-oriented location, the values appurtenant to the base zoning couldn’t be any more enticing for the permitting and funding of affordable housing. The site’s yield will be dictated by the taste of the developer and their capital constraints and not by zoning policy as virtually all entitlement pathways under CHIP ( DB, MIIP, or AHIP) will allow unlimited density, more FAR than is needed, and likely more height than ne eded all without a planning case! It may be a logical use of the site worthy of consideration to develop five stories across the 21,568 rectangular portion and use the current parking lot for parking, trash enclosure, and amenities. By our calculations this could produce, conservatively, about 59,655 SF of leasable area within five stories Type IIIA. Assuming an average unit size of 500 SF, this would produce a yield of about 120 units.

Property Details

Property Type : Land

Price : $5,877,000

AD Id : 66246604

MLS Id : SR25172430

Lot Size : 30,735 Sqft(Lot)

County : Los Angeles

Map

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Features

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.7056
Lot Size Source: Assessor Lot Size Square Feet: 30735

Listing Price Information

Original List Price: 5,877,000 Listing Contract Date: 2025-07-31
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 2244006039

Other Property Info

Source Listing Status: Pending Source Neighborhood: VN - Van Nuys Postal Code Plus 4: 3115 Directions: Just west of the intersection of Van Nuys Blvd. and Oxnard St. Zoning: LAC1.5 Source Property Type: Land Area: VN - Van Nuys

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ByOwner last updated this listing 06/06/2026 @ 07:28

MLS: SR25172430 LISTED BY: Francis Evanisko, Evanisko Realty & Investment 818-985-9700 SOURCE: CRMLS