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.
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MLS #
CRSR25048113
MLS Source
California Regional MLS
Appliances
Other
Fireplace
None
Laundry
In Laundry Room, Other
Cooling
Central Forced Air
Pool
None
Garage/Parking
Garage: 1 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
Zoning
LAR3
14717 Victory Bld is a Single Family Residence in Van Nuys, CA 91411. This 1,166 square foot property sits on a 6,502 Sq Ft Lot and features 3 bedrooms & 2 full bathrooms. It is currently priced at $1,190,000 and was built in 1925.
This address can also be written as 14717 Victory Bld, Van Nuys, CA 91411.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 26, 2025. For the most current information, please contact Shira Dunn