14717 Victory Boulevard
Van Nuys, CA 91411
1166 sqft | 3 beds | 2 baths | 0.15 acres | #SR24254523
Description
Prime Development Opportunity with Approved Plans in Progress to build 24-unit, 5-story apartment building under Type V5 construction! With LAR3 zoning. Plans are expected to be RTI (Ready to Issue) in just 2 months! A fantastic equity opportunity.
Each unit is thoughtfully designed as a 1-bedroom, 1-bathroom with privete balcony and trash shut on each floor qualifying as part of an affordable housing initiative. With no parking requirements, this project maximizes the use of space and profitability. Don’t miss out on this rare chance to develop in a prime location. Contact us today for more details and to schedule a property tour!
If Buyer wishes to increase the number of units from 24 to 30, it is feasible. The units will be slightly smaller, and the city has already granted approval for this adjustment.
Buyer to independently verify all information.
Property Details
- Property SubtypeSingleFamilyResidence
- School DistrictLos Angeles Unified
- Lot DescriptionZeroToOneUnitAcre
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,495,000
- MLS #SR24254523
- MLS #SR24254523
- Property TypePurchase
- Cost1495000
- Acres0.1493
- Utility SourcePublic
- Structure TypeHouse
- Square Feet1166
- Year Built1925
- Bedrooms3
- Bathrooms2
- Full Baths2
- Stories1
- Parking Spaces1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Shira Dunn (#SR207068984)
Listing Office: Keller Williams Coastal Properties (#SR1204003)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
