San Fernando Valley Development Help

[Na Miller]

I've been approached by an investor group in San Diego that has a property in escrow they want to assign. The particulars are as follows:

Located near Van Nuys, CA

4+1.5 sfr, 2,049 sq. ft., 7,200 sq. ft. lot

It is in escrow for $790k and they believe the land alone is worth $850k and can be developed into 8-10 units. But I have not confirmed zoning nor do I actually know if this would be a realistic plan for this lot.

I am going to look at it this afternoon, so any So Cal developers who might have an interest (...Karen???), please let me know (or let me know if I should just move on...).

Thanks BP for so much great help in just my first week!