14717 Victory Boulevard

Los Angeles CA 91411

1166 sq. ft.

6502 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Exceptional Development Opportunity – 24 Units with Potential for 30! An exciting opportunity for developers and investors to capitalize on a multifamily project with significant upside potential! Zoned LAR3, this property offers plans for a five-story, 24-unit apartment building, with Ready-to-Issue (RTI) status anticipated soon, providing a valuable head start on development. Thoughtfully designed to maximize efficiency and investment potential, the proposed building features 24 one-bedroom, one-bathroom residences, each with a private balcony, along with convenient floor-level trash chutes. The project is designed to qualify under an affordable housing initiative, with no parking requirements, allowing for greater use of the available space. Even more exciting is the potential to expand from 24 to 30 units, with the City having already approved the feasibility of the increased unit count, offering additional development flexibility and potential value. With plans nearing RTI, favorable zoning, and the opportunity to create a substantial multifamily asset, this is a compelling investment for developers looking to bring their next project to life. Contact us for additional details and development plans. Buyer to independently verify all information, including zoning, approvals, unit count, RTI status, parking requirements, and development feasibility.

Features

3 bedrooms

2 bathrooms

1 carspace

1 garage space

1166 sq. ft. floor area

6502 sq. ft. lot size

Single-Family

Property history for 14717 Victory Boulevard

2024

Rented

Undisclosed

16 Jul 2024 by Keller Williams Realty - Long Beach Coastal

2024

Sold

$850,000

20 May 2024 by Jessica Nieto, of Keller Williams Realty - Long Beach Coastal

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