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Listed by Shira Dunn • Keller Williams Luxury
$1,495,000
Est. payment /mo
3 Beds
2 Baths
1,166 SqFt
New
14717 Victory BLD Van Nuys, CA 91411
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Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,166 sqft
Price per Sqft $1,282
MLS Listing ID CRSR25146607
Bedrooms 3
Full Baths 2
Year Built 1925
Lot Size 6,502 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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. Don't miss out on this rare opportunity-contact us today for more details and to schedule a property tour! Buyer to independently verify all information.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Cooling Central AC
Fireplaces Type None
Laundry In Laundry Room, Other
Exterior
Garage Spaces 1.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 2236021017
Special Listing Condition Not Applicable
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