7
See all 7 photos
$1,495,000
Est. payment /mo
3 Beds
2 Baths
1,166 SqFt
New
14717 Victory Boulevard Van Nuys, CA 91411
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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,282
MLS Listing ID SR25146607
Bedrooms 3
Full Baths 2
Year Built 1925
Property Sub-Type Detached
Property Description
Prime Development Opportunity Plans for 24 Units Nearly RTI! Unlock the potential of this exceptional development site with LAR3 zoning and approved plans in progress to build a 5-story, 24-unit apartment building under Type V-B construction. This project is nearly RTI (Ready to Issue)a rare and strategic opportunity for immediate equity growth. Each unit is thoughtfully designed as a 1-bedroom, 1-bathroom with private balconies and trash chutes on every floor, aligning with affordable housing initiatives. With no parking requirements, the project maximizes building efficiency and profitability. As an added value, city approval has already been granted to modify the plans and increase the unit count from 24 to 30 units, allowing even greater upside potential. (Note: Units would be slightly smaller.) Located in a prime, high-demand area, this offering is perfect for savvy developers looking to break ground with minimal delay. Dont miss out on this rare opportunitycontact us today for more details and to schedule a property tour! Buyer to independently verify all information.
Location
State CA
County Los Angeles
Zoning LAR3
Direction On Victory Blvd and Kester Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 2236021017
Special Listing Condition Standard
Listed by Shira Dunn Keller Williams Luxury