Overview
- SingleFamilyResidence
- 3
- 2
- 1166
- 1
- 1925
Description
RARE, SHOVEL-READY DEVELOPMENT OPPORTUNITY in a highly sought-after location! This is a fantastic equity opportunity offering a fast track to development with plans for a 24-unit, 5-story apartment building (LAR3 zoning) anticipated to be Ready-to-Issue (RTI) very soon! The project is strategically designed for maximum profitability, featuring 1-bedroom, 1-bathroom units—each with a private balcony and access to floor-level trash chutes—that qualify under an affordable housing initiative. Crucially, the absence of parking requirements dramatically maximizes usable space and return on investment. For the savvy buyer looking to push boundaries, the city has already approved the feasibility to increase the unit count from 24 to 30 units. Seize this moment to acquire a high-yield asset in a prime development corridor. Contact us immediately for full plans and to secure your stake in this exceptional venture!
Buyer to independently verify all information.
Address
Open on Google Maps- Address Victory
- City Van Nuys
- State/county Los Angeles
- Zip/Postal Code 91411
Details
Updated on October 28, 2025 at 3:08 pm- Property ID: HZSR25248003
- Price: $1,175,000
- Property Size: 1166 SquareFeet
- Bedrooms: 3
- Bathrooms: 2
- Garage: 1
- Year Built: 1925
- Property Type: SingleFamilyResidence
- Property Status: Residential
- Listed by: Shira Dunn
- DRE #: 02100807
- Contact Mail: shira4realestate@gmail.com
- Brokered by: Keller Williams Luxury
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