9
See all 9 photos
$3,098,000
Est. payment /mo
5 Beds
4 Baths
57,401 SqFt
Active
14715 Burbank Blvd Van Nuys, CA 91411
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 57,401 sqft
Price per Sqft $53
MLS Listing ID 26842919
Bedrooms 5
Year Built 2026
Lot Size 0.403 Acres
Acres 0.2015
Property Sub-Type Land
Property Description
First Capital Investment Realty is pleased to exclusively present 14715 W. Burbank Boulevard, 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 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.
Location
State CA
County Los Angeles
Area Sherman Oaks
Zoning LAR3
Interior
Laundry Room
Building
Story 6
Others
Special Listing Condition Standard
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Listed by First Capital Investment Realty