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15947-15961 Victory Blvd
Van Nuys, CA 91406
TWO SIDE BY SIDE RD1.5 LOTS · Land For Sale
·
0.31 AC
Investment Highlights
- The property consists of two adjacent residential parcels offered together for redevelopment consideration.
- Zoning supports consideration of multifamily residential development, subject to buyer verification and approvals.
- Existing homes provide the potential for interim rental income while future plans are evaluated.
- Location along Victory Boulevard provides direct access across the San Fernando Valley.
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.31 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Residential | ||
| Zoning | RD1,5 & R1-1 - Restricted Density Multiple Dwelling | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.31 AC |
| No. Stories | 1 |
| Zoning | RD1,5 & R1-1 - Restricted Density Multiple Dwelling |
1 Lot Available
Lot
| Lot Size | 0.31 AC |
| Lot Size | 0.31 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $271,079 CAD | |
| Land Assessment | $632,558 CAD | Total Assessment | $903,637 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$632,558 CAD
Improvements Assessment
$271,079 CAD
Total Assessment
$903,637 CAD
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