15200 Roscoe Boulevard
Panorama City, CA 91402
- – beds
- – baths
- – sqft
- 7,423 sqft lot
- – on site
**"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!"**
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Last updated Apr 3, 2025
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MLS# 25508479 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:East of Sepulveda, West of Van Nuys Blvd
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Latitude:34.22111200
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Longitude:-118.46343500
The Property
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Property Type:Land
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Zoning:LAR3
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Lot Size Area:7423.0000
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Lot Size Dimensions:53x140
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Lot Size Acres:0.1704
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Lot Size SqFt:7423.00
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View:1
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View:City Lights
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2209005003
The Community
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Association:No
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Senior Community:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/26/25
Mar 26, 2025
|
Listed / Active | CRMLS_CA | $1,195,000 | |
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10/9/24
Oct 9, 2024
|
Listed / Active | BRIDGE | ||
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3/7/22
Mar 7, 2022
|
Listed / Active | CRMLS_CA |
