14715 Burbank Boulevard,Los Angeles, CA 91411
Los Angeles, CA 91411
Description
14715 W. Burbank Boulevard is a fully entitled, ready-to-issue development site approved for a 91-unit, six-story senior affordable housing community (55+) in the heart of Van Nuys. The offering is a double lot sale totaling approximately 17,500 SF, delivered vacant and shovel-ready. The approved project comprises 88 one-bedroom units, 2 two-bedroom units, and 1 studio across approximately 57,401 SF of residential building area, with a Type I-A concrete podium and Type III-A construction above, at-grade parking, an interior courtyard, and roof-level community amenities. RTI plans, density-bonus concessions, and ED 1 streamlining are already in place, eliminating 24-36 months of typical predevelopment risk and roughly $400K to $700K of soft cost exposure for new ownership. The site sits mid-block on Burbank Boulevard with 0.7 miles to the I-405 / Sepulveda Pass and 1.2 miles to the Metro Orange (G) Line, positioned within the Sepulveda Transit Corridor catchment and within walking distance of Kaiser Permanente Panorama City, Valley Presbyterian Hospital, and the Sherman Oaks Galleria. At $3,098,000, the basis works out to $34,044 per door on a fully approved plan set.
Details
| MLS # | 26857301 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 96 |
| Listing Provided By | First Capital Investment Realty | Farhad Navazi |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.40 |
| Property View | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91411 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91411) | |
Price: $2,888,000 low | high Med: $2,850,000 On site: 96 low | high Med: 5 | |
Market Activity 91411
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91411 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91411) | |
Price: $2,888,000 low | high Med: $2,850,000 On site: 96 low | high Med: 5 | |
