818-907-4704
15947-15961 Victory Blvd, Van Nuys, CA for Sale
Residential LAND - FOR SALE
1/2
13,560 SF

15947-15961 Victory Blvd
Van Nuys, CA 91406


HIGHLIGHTS

  • The property consists of two adjacent residential parcels offered together for redevelopment consideration.
  • Existing homes provide the potential for interim rental income while future plans are evaluated.
  • Zoning supports consideration of multifamily residential development, subject to buyer verification and approvals.
  • Location along Victory Boulevard provides direct access across the San Fernando Valley.

OVERVIEW

Two adjacent lots to be delivered vacant, totaling 13,562 sf., zoned RD 1.5. This Lake Balboa/Encino Glen locale offers an exciting infill development opportunity in the south San Fernando Valley. Ideally Situated near all Encino amenities and conveniences, 2 golf courses, the 101/405 freeways, Metro orange Line, and Sepulveda Blvd retail (Target, Costco, Whole Foods, Sherman Oaks Galleria), the site also enjoys a prime spot next to the beloved Sepulveda Basin Rec Center and minutes from the Van Nuys Courthouse a major regional employer. The high-transit designation unlocks unlimited density potential, with room for ~66 units (affordable or market-rate), 4-6 stories, and a clear path to fast-track entitlements. 57,206 cars passing daily makes this a rare, high visibility multi family development opportunity in a supply-constrained market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

TWO SIDE BY SIDE RD1.5 LOTS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Hold for Development, Hold for Investment

LAND ACRES

0.31 AC

LAND SF

13,562 SF

OFFSITE IMPROVEMENTS

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

ZONING

RD1,5 & R1-1

APN/PARCEL ID

2233-014-009,2233-014-010

ASK ABOUT THIS PROPERTY

Melinda RussellCBRE, Inc.More Info
818-907-4704

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Melinda RussellCBRE, Inc.More Info
818-907-4704

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