15200 Roscoe Boulevard

Panorama City, CA 91402

$1,249,500
Price
7,423 / 0.17
Lot Size / Acres

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. Great Mix of units, 9 X 2 bedroom and 8 X 1 bedroom, 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...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. Great Mix of units, 9 X 2 bedroom and 8 X 1 bedroom, 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. Minutes away from Noble Ave early Education center, Nobel Ave Elementary school, vista middle school, panorama high school, walmart and mission community hospital. This offering is priced to sell! No Demo fee required.
  1. Listed by Eliza Kerndian • DRE #01398836 • Brokerage DRE #01125362 • Keller Williams Realty Westside
  2. Listed by Mona Kerendian • DRE #01758802 • Brokerage DRE #01125362 • Keller Williams Realty Westside

Property Details for 15200 Roscoe Boulevard

Zoning
LAR3
Parcel Number
2209005003
Area
Panorama City (PC)
Lot Size Area
7423
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
2209-005-003
Directions
West of Van Nuys Blvd, East of Sepulveda Blvd, On Roscoe Blvd
LISTING UPDATED: 11/26/2024 10:03 AM

Property Details for 15200 Roscoe Boulevard

StatusActive
MLS #24-446009
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.17 AC
CountyLos Angeles County

Building Information for 15200 Roscoe Boulevard

Lot Size0.17 AC

Property Information for 15200 Roscoe Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Any, Other
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Other
  • Lot Acreage: 0.1704
  • Lot Size Square Feet: 7423
  • Lot Size Dimensions: 53x140
  • Source Lot Size Dimensions: Vendor Enhanced
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 10-09-2024

Property History for 15200 Roscoe Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15200 Roscoe Boulevard

Taxable ValueLand$1,081,200Additions-Total$1,081,200
Tax Record2024$13,002 ($1,084 / month)
Home Facts
Beds0Lot Size7,421 SqFtStyleResidentialZoningLAR3CountyLOS ANGELESAPN2209-005-003

Schools near 15200 Roscoe Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Noble Avenue Elementary School
Public - K to 5
Vista Middle School
Public - 6 to 8
Panorama High School
Public - 9 to 12
Cal Burke High School
Public - 9 to 12
Rating
School
Distance
Noble Avenue Elementary School
PublicK to 5

Vista Middle School
Public6 to 8

Panorama High School
Public9 to 12

Cal Burke High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15200 Roscoe Boulevard, Panorama City, CA 91402

15200 Roscoe Boulevard is a 0.17 ac of land for sale in Panorama City, CA 91402. This property was listed for sale on October 9, 2024 by Keller Williams Realty Westside, it's currently listed at $1,249,500. It has been on the market for a total of 73 days and was last sold on August 19, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Noble Avenue Elementary School, Vista Middle School and Panorama High School. 15200 Roscoe Boulevard is a 0-bed, 0-bath, 0.17 ac of land on a 7,423 sq. ft. / 0.17 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Westside, Eliza Kerndian, DRE #01398836; Keller Williams Realty Westside, Mona Kerendian, DRE #01758802

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.