5950 Cedros Avenue, Van Nuys, CA 91411

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#1
5950 Cedros Avenue,Van Nuys, CA 91411
$5,877,000
  • 0.71 Acres
  • Lots / Land
  • Active
Listed by:francis evanisko
Office:evanisko realty & investment
MLS#:SR25172430
Source:CRMLS

Price summary

  • Price:$5,877,000

About this home

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 needed 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

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Home facts

  • Listing Id #:SR25172430
  • Added:13 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Structure and exterior

  • Lot area:0.71 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$5,877,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 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.

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