15200 Roscoe Boulevard
Panorama City, CA 91402
0.17 acres | #25508479
Description
**"Prime development opportunity in Los Angeles! This versatile R3-1 TOC Tier 2 lot offers multiple lucrative possibilities for investors and developers. Choose to build 10 townhomes with 10 ADUs under SB684 for individual resale, or utilize the (RTI) ED1 project to develop 17 affordable housing units. The approved Type VA construction plan features a three-story, 12,915 sqft building with no parking requirement, ensuring a low-cost build estimated at $2,100,000. The project offers a great unit mix9 two-bedroom and 8 one-bedroom unitswith a proforma monthly rent of $34,069 ($408,828 annually), leading to an estimated property value of $5,682,000 with a GRM of 13.9, and a potential $2,000,000 profit margin.Additional space is available for a leasing/management office or ADU, adding further value. Ideally located minutes away from Noble Ave Early Education Center, Nobel Ave Elementary School, Vista Middle School, Panorama High School, Walmart, and Mission Community Hospital, this property offers residents convenience and accessibility. With strong demand for affordable housing in Los Angeles and city incentives enhancing investment potential, this project presents a rare opportunity to contribute positively to the community while securing significant returns. No demolition fees required! Start construction immediately and capitalize on this high-potential, priced-to-sell offering!"**
Property Details
- CountyLos Angeles
- ViewCityLights
- Original List Price$1,195,000
- Property TypePurchase
- MLS #25508479
- MLS #25508479
- Cost1195000
- Acres0.1704
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Eliza Kerndian (#CLW-X59895)
Listing Office: Keller Williams Beverly Hills (#CLW-X74054)
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