14717 Victory Boulevard
Van Nuys, CA, 91411
$1,299,000
3 Beds
2 Baths
1,166 SqFt
0.15 Acres
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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

Price:
$1,299,000
MLS #:
SR24254523
Status:
Active
Beds:
3
Baths:
2
Address:
14717 Victory Boulevard
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
vnvannuys
City:
Van Nuys
Listed Date:
Dec 27, 2024
State:
CA
Finished Sq Ft:
1,166
ZIP:
91411
Lot Size:
6,502 sqft / 0.15 acres (approx)
Year Built:
1925
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Schools

School District:
Los Angeles Unified

Interior

Cooling
Central Air
Fireplace Features
None

Exterior

Community Features
Storm Drains, Street Lights
Garage Spaces
1.00
Lot Features
0-1 Unit/ Acre
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00

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Community

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14717 Victory Boulevard
Van Nuys, CA