Property listed by Keller Williams Luxury, Shira Dunn 424-653-0560
14717 Victory Boulevard
Van Nuys, CA 91411
Beds
3
Baths
2
Square Ft.
1,166
$1,250,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,166
Lot Size
0.15 Acres
Year Built
1925
MLS Number
SR26235286
Additional Details
Building
Built in 1925, Living area: 1166.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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