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(323) 578-3559
Real Estate Company
14717 Victory Boulevard, Van Nuys, CA 91411
- $1,250,000
- 3
- BD
- 2
- BA
- 1,166
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- SR26235286
- Year Built
- 1925
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,166
- Lot Size
- 6,502
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre, Back Yard
- Days on Market
- 0
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Exceptional Development Opportunity – 24 Units with Potential for 30! An exciting opportunity for developers and investors to capitalize on a multifamily project with significant upside potential! Zoned LAR3, this property offers plans for a five-story, 24-unit apartment building, with Ready-to-Issue (RTI) status anticipated soon, providing a valuable head start on development. Thoughtfully designed to maximize efficiency and investment potential, the proposed building features 24 one-bedroom, one-bathroom residences, each with a private balcony, along with convenient floor-level trash chutes. The project is designed to qualify under an affordable housing initiative, with no parking requirements, allowing for greater use of the available space. Even more exciting is the potential to expand from 24 to 30 units, with the City having already approved the feasibility of the increased unit count, offering additional development flexibility and potential value. With plans nearing RTI, favorable zoning, and the opportunity to create a substantial multifamily asset, this is a compelling investment for developers looking to bring their next project to life. Contact us for additional details and development plans. Buyer to independently verify all information, including zoning, approvals, unit count, RTI status, parking requirements, and development feasibility.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Patio
- Open, Patio
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Eat-in Kitchen, High Ceilings
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Shira Dunn (shira4realestate@gmail.com) from Listing Office: Keller Williams Luxury.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.