Property Details
About this Property
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 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.
MLS Listing Information
MLS #
CRSR25172430
MLS Source
California Regional MLS
Days on Site
20
Lots & Land Information
Lot Description
Grade - Level
Parking, School, and Other Information
HOA Fee
$0
Zoning
D8, PRKG, LY, LSI, LSR, LL, PRK
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5950 Cedros Ave is in Van Nuys, CA 91411. This Land is currently priced at $5,877,000. This address can also be written as 5950 Cedros Ave, Van Nuys, CA 91411.
©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 06, 2025. For the most current information, please contact Francis Evanisko
