14715 Burbank Boulevard,Van Nuys, CA 91411
Van Nuys, CA 91411
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.
Details
| MLS # | 26842919 |
|---|---|
| Listing Type | For Sale |
| Building Name | 91-Unit Development Project |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 85 |
| Listing Provided By | First Capital Investment Realty | Farhad Navazi |
Features
| SQ Feet | 57,401 |
|---|---|
| Story(s) | 6 |
| Units | 91 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.40 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Lot Features | No Landscaping, Over40Units Acre, Planned Unit Development, Street Level |
|---|
Utilities
| Utilities | Electricity Available, Natural Gas Available, Underground Utilities |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91411 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91411) | |
Price: $3,098,000 low | high Med: $2,925,000 sqft: 57,401 low | high Med: 8,325 $ / sqft: $54 low | high Med: $357 On site: 85 low | high Med: 217.5 | |
Market Activity 91411
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91411 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91411) | |
Price: $3,098,000 low | high Med: $2,925,000 sqft: 57,401 low | high Med: 8,325 $ / sqft: $54 low | high Med: $357 On site: 85 low | high Med: 217.5 | |