Skip to content
New

$1,250,000

1,166 sqft$1,072/sqft5 days on market

14717 Victory Boulevard

Van Nuys, CA 91411

· 8% down, 7% APR, 30yr fixed

3

Beds

2

Baths

1,166

Square feet

1925

Built

Listing narrative

Description

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.

Listing agent (MLS): Shira Dunn · Listing brokerage (MLS): Keller Williams Luxury

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,250,000

Beds

3 bd

Type

House

Home Size

1,166 sqft

Baths

2

Lot Size

0.15 acres

Year

1925

Status

New

Days on Market

5

$ / Sqft

$1,072

· 8% down, 7% APR, 30yr fixed
Loading map…

Courtesy of Keller Williams Luxury