14717 Victory Boulevard, Van Nuys, CA 91411 – SR25146607

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,166 sqft

Price per Sqft $1,282

MLS Listing ID SR25146607

Style Detached

Bedrooms 3

Full Baths 2

Year Built 1925

Lot Size 6,502 Sqft

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.
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

Area Van Nuys (91411)

Zoning LAR3

Interior

Cooling Central Forced Air

Laundry Laundry Room,Inside

Exterior

Garage Spaces 1.0

Building

Story 1

Sewer Public Sewer

Water Public

Others

Monthly Total Fees $19

Acceptable Financing Cash,Conventional,Cash To New Loan

Listing Terms Cash,Conventional,Cash To New Loan

Special Listing Condition Standard