$1,099,000
Los Angeles, CA 91411
Los Angeles
County
Land
Property Type
Prime Development Opportunity in Van Nuys Approved 11-Unit Luxury apartment building. Investors, developers, and builders this is a rare opportunity to acquire a partially started development project in one of Van Nuys' most promising areas. Located at 14822 Delano St., this project is ready for the next visionary builder to bring it to completion. Construction had barely begun with minimal foundation work started, and the approved plans and permits remain active, allowing a qualified buyer to move forward with minimal delay. The planned development features an elegant 4-story luxury building with 11 units totaling approximately 14,936 square feet of living space, with 4,027 square feet of dedicated parking. The thoughtfully designed unit mix includes: Four (4) one-bedroom, one-bathroom units Four (4) two-bedroom, two-bathroom units Three (3) one-bedroom units with spacious dens and one bathroom. Residents will enjoy upscale amenities including a spectacular rooftop deck designed for entertaining, featuring a barbecue area and additional gathering spaces. Situated in a highly desirable Van Nuys location near Encino, Costco, luxury automotive dealerships, the police station, and Lake Balboa, this property offers both convenience and long-term growth potential. The surrounding neighborhood is undergoing significant transformation, with numerous new apartment and residential developments currently being built along the street. As the area continues to modernize, this project is positioned to benefit from increasing demand and future appreciation. A unique chance to complete a luxury residential project in a rapidly evolving neighborhood bring your vision and capitalize on this exceptional development opportunity.
$5,849/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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