3
Bedrooms
$1,250,000
FOR SALEVan Nuys, CA
MLS# SR26235286
Shira Dunn
Listing Agent
Keller Williams Luxury
DRE #: 02100807
(424) 653-0560Brokerage: Keller Williams Luxury
3
Bedrooms
2
Bathrooms
1,166 sqft
Square Feet
1925
Year Built
6,502 sqft
Lot Size
$1,072
Price/Sq Ft
1
Garage Spaces
N/A
HOA
Single Family Home
Property Type
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.
Earthquake data is shown from a real public source (USGS)
Loading hazard data...
Closed sales reported in 91411, nearest first, last 12 months. All recent sales in Van Nuys →
14717 Victory Boulevard
Contact Listing Agent