2-Bedroom Residential — 15157 Covello Street, Van Nuys, CA
$659,000
15157 Covello Street, Van Nuys, CA
About this property
Prime opportunity for investors and developers on this 7,774 sq ft corner lot with two driveways and excellent access. The property offers multiple development paths, including SB 9 Two-Unit Development, a potential Urban Lot Split, or a full ground-up rebuild of two new homes. Corner lots rarely offer this level of design flexibility and efficiency. For value-add buyers, the existing main house also provides strong potential: fix and update the home, convert the detached 2-car garage into an ADU, and/or add an additional detached ADU (if not pursuing SB 9). This creates several viable exit strategies, from rental income to resale of multiple units. A versatile development site in a central Van Nuys location near major freeways, retail, and employment centers. Bring your vision and maximize the potential of this unique parcel.
Property details
Location
15157 Covello Street • Van Nuys, CA 91405
Listed by
Luke Smith · Real Brokerage Technologies, Inc.