14717 Victory BLVD new Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91411
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,282
MLS Listing ID SR24254523
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 6,503 Sqft
Property 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.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Cooling Central Air
Fireplaces Type None
Laundry Inside,Laundry Room
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Storm Drain(s),Street Lights
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard