11903 Burbank Blvd - Residential LAND FOR SALE


Valley Village, CA 91607 10,258 SF
$2,000,000 USD
818-212-2696
11903 Burbank Blvd, Valley Village, CA for Sale
$2,000,000 USD
Residential LAND - FOR SALE
1/9
10,258 SF

11903 Burbank Blvd
Valley Village, CA 91607


OVERVIEW

An exceptional development opportunity awaits at 11903 Burbank Boulevard, a fully entitled multifamily development site located in the highly desirable neighborhood of Valley Village, California. This offering presents a unique chance for a developer to acquire a project with approvals in place for a 23-unit modern apartment building spanning six stories above grade with the potential for an additional 3 to 4 ADUs to be added (Buyer to conduct their own investigations.) Offered at $2,000,000, this 10,259 square foot corner lot at the intersection of Burbank Boulevard and Radford Avenue is currently an existing 4-unit multifamily property with 3 units being tenant occupied. It has been entitled under the Transit Oriented Communities (TOC) Tier 3 program, providing significant density bonuses that maximize the site's development potential. The current approvals encompass a well-designed mix of studios, one-bedroom, and two-bedroom units, complete with subterranean parking and modern resident amenities. This project represents an ideal opportunity for a local developer looking to build immediately under the current approvals or to redesign for a potentially higher-density project, capitalizing on the site's prime location and favorable zoning while earning a return to help with property tax and insurance costs. The property's corner location provides excellent visibility and accessibility, while Valley Village's strong rental market fundamentals support robust demand for quality multifamily housing.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/ACRE

$8,492,056/AC

PRICE/SF

$195 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.24 AC

LAND SF

10,259 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-3-1 TOC Tier 3

APN/PARCEL ID

2340-034-021

ASK ABOUT THIS PROPERTY

Sara VitaMarcus & MillichapMore Info
818-212-2696

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Sara VitaMarcus & MillichapMore Info
818-212-2696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.