Description
Attention developers and first-time homebuyers! This 3 bedroom, 1 and 3/4 bathroom home, located in a rapidly growing neighborhood, presents an excellent opportunity. For developers looking to expand or rebuild on the large lot, per LA city, the LARD2 zoning can accommodate a total of 4 units. 16647 Victory was sold RTI in July 2023 for $1.075M and is currently being developed into a two-story, four-unit project. For first-time homebuyers, this is a perfect starter home with ADU potential. This rare property offers something for everyone! The expansive backyard provides plenty of space for outdoor living or future expansions. With the neighborhood experiencing growth and increased demand, its a perfect chance for first-time buyers to secure a home in an up-and-coming area. Located near Lake Balboa Park, the Sepulveda Dam Recreation Area, Balboa Orange Line Station, Van Nuys Airport, the Van Nuys Golf Course, and LA Valley College, the neighborhood is also easily accessible to major highways like the 101 and 405. Whether youre looking to invest or settle into your first home, dont miss out on the endless possibilities this property provides!
-
3BEDS
-
0.14ACRES
-
2BATHS
-
01/2 BATHS
-
1,216SQFT
-
$739$/SQFT
Description
Attention developers and first-time homebuyers! This 3 bedroom, 1 and 3/4 bathroom home, located in a rapidly growing neighborhood, presents an excellent opportunity. For developers looking to expand or rebuild on the large lot, per LA city, the LARD2 zoning can accommodate a total of 4 units. 16647 Victory was sold RTI in July 2023 for $1.075M and is currently being developed into a two-story, four-unit project. For first-time homebuyers, this is a perfect starter home with ADU potential. This rare property offers something for everyone! The expansive backyard provides plenty of space for outdoor living or future expansions. With the neighborhood experiencing growth and increased demand, its a perfect chance for first-time buyers to secure a home in an up-and-coming area. Located near Lake Balboa Park, the Sepulveda Dam Recreation Area, Balboa Orange Line Station, Van Nuys Airport, the Van Nuys Golf Course, and LA Valley College, the neighborhood is also easily accessible to major highways like the 101 and 405. Whether youre looking to invest or settle into your first home, dont miss out on the endless possibilities this property provides!
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-04T08:30:10.97. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.