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$1,375,000

Est. payment - /mo

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3 Beds

2 Baths

1,166 SqFt

Price Dropped by $120K

14717 Victory BLVD Van Nuys, CA 91411

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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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 $1,179

MLS Listing ID SR25146607

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1925

Lot Size 6,503 Sqft

Property Sub-Type Single Family Residence

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

Rooms

Main Level Bedrooms 3

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

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

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2236021017

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Shira Dunn Keller Williams Luxury 424-653-0560

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