15200 Roscoe Boulevard, Panorama City, CA 91402
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Listed Price :
$1,249,500
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property Description
This ready-to-issue (RTI) project offers an excellent chance to Develop 17 Affordable Housing units, Type VA construction, three story on-grade with a total area of 12,915 sqft, no parking, very low cost construction estimated at $2,100,000. Proforma monthly rent $34,069 or yearly $ 408,828 which will bring the value of the property around $5,682,000 with GRM 13.9 providing around $2,000,000 profit potential on the Development, price per unit of $334,000 resale value. Additional space possible for Leasing/Management office or ADU. Conveniently located close to public transportation, offering easy access to entertainment and events providing recreational opportunities for future residents, start construction immediately, saving time and reducing the hassle of lengthy approval processes. This project presents a unique opportunity to contribute positively to the community by providing much-needed affordable housing, addressing a critical need in Los Angeles. The city's incentives for affordable housing projects enhance the viability and potential returns on this investment. Los Angeles has a significant demand for affordable housing, ensuring a strong market for these units and benefiting from the long-term appreciation potential in one of the most sought after real estate markets in the country. This offering is priced to sell! No Demo fee required.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
15200 Roscoe Boulevard |
| City |
Panorama City |
| State |
CA |
| Zip |
91402 |
| County |
Los Angeles |
| Listing Agent |
Eliza Kerndian DRE #01398836 |
| Co-Listing Agent |
Mona Kerendian DRE #01758802 |
| Courtesy Of |
Keller Williams Realty Westside |
| List Price |
$1,249,500 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
7,423 |
Listing information courtesy of: Eliza Kerndian, Mona Kerendian, Keller Williams Realty Westside. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 11:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
