14728 Friar Street

    Van Nuys, CA 91411
    • $1,700,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 20559162
    UPDATED: 57 min ago
    $1,700,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    SVN is proud to present this OPPORTUNITY ZONE multifamily development property located on 14728 Friar St., Van Nuys, CA 91411. The site, which has an existing single family structure of 1384 ft.+-, shall be fully entitled by April for 12 units with a unit mix of 2 one bedrooms and 10 two bedrooms (10 market rate and 2 low income). Units average around 950 SF. MOST NOTABLE BENEFIT: This brand new and turnkey property is located in an Opportunity Zone! Qualified Opportunity Funds and 1031 Exchange Buyers expect to be able to take advantage of unique tax advantages, including a step up in basis of 15% if held for at least seven years (10% if held for five years). In addition, if held for more than ten years, Investors may eliminate all capital gains accrued with the Ozone property from the day of purchase!*All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants. We can refer Ozone specialists, if nee

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T19:27:10.46. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.

    www.bestorangecountyhomesearch.com/homes/103705240

    14728 Friar Street Van Nuys, CA 91411

    • Price: $1,700,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20559162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    County:
    Los Angeles
    Property Description
    SVN is proud to present this OPPORTUNITY ZONE multifamily development property located on 14728 Friar St., Van Nuys, CA 91411. The site, which has an existing single family structure of 1384 ft.+-, shall be fully entitled by April for 12 units with a unit mix of 2 one bedrooms and 10 two bedrooms (10 market rate and 2 low income). Units average around 950 SF. MOST NOTABLE BENEFIT: This brand new and turnkey property is located in an Opportunity Zone! Qualified Opportunity Funds and 1031 Exchange Buyers expect to be able to take advantage of unique tax advantages, including a step up in basis of 15% if held for at least seven years (10% if held for five years). In addition, if held for more than ten years, Investors may eliminate all capital gains accrued with the Ozone property from the day of purchase!*All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants. We can refer Ozone specialists, if nee
    Exterior Features

    Lot Size Units Square Feet View None View YN No

    Property Features

    Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Daniel Baird of Sperry Van Ness


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T19:27:10.46. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.

     
    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691