14717 Victory Boulevard, Van Nuys, CA 91411

$1,495,000 Asking Price

3 beds
2 baths
1,166  sqft
Built in 1925

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.

Features & Amenities

Interior

Laundry:
Inside,Laundry Room
A/C:
true, Central Air
Fireplace:
None

Exterior

Pool:
None
Parking:
Parking spaces: 1

Construction

General:
1

Location

HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Los Angeles Unified
County:
Los Angeles

Lot

Zoning:
LAR3, 2236021017
View:
None

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Keller Williams Coastal Properties, Shira Dunn

About Van Nuys, CA

Housing

Number of Units
62,033
Median Home Value
$629,101
Median Rent
$1,371

67.32% of housing units are renter occupied.

3.95% are vacant.

Commute

Car
63.21%
Public Transportation
5.34%
Walk to Work
1.64%
Work from Home
28.33%
Other
0.75%

The median travel time to work is 27 minutes.

People

Population
171,714
Median Age
36.00
Median Household Size
2.88

Education

High School
21.14%
Associate’s Degree
7.27%
Bachelor’s Degree
22.22%
Graduate Degree
8.86%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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