An exceptional development opportunity awaits at 11903 Burbank Boulevard, a fully entitled multifamily development site located in the highly desirable neighborhood of Valley Village, California. This offering presents a unique chance for a developer to acquire a project with approvals in place for a 23-unit modern apartment building spanning six… Read More stories above grade with the potential for an additional 3 to 4 ADUs to be added (Buyer to conduct their own investigations.) This 10,259 square foot corner lot at the intersection of Burbank Boulevard and Radford Avenue is currently an existing 4-unit multifamily property with 3 units being tenant occupied. It has been entitled under the Transit Oriented Communities (TOC) Tier 3 program, providing significant density bonuses that maximize the site's development potential. The current approvals encompass a well-designed mix of studios, one-bedroom, and two-bedroom units, complete with subterranean parking and modern resident amenities. Read Less
Property listed by Marcus & Millichap, Sevak Keshishian 818-212-2700
Listing Snapshot
Days Online
9
Last Updated
Beds
4
Square Ft.
1,720
Lot Size
0.24 Acres
Year Built
1948
MLS Number
26645443
Additional Details
Building
Built in 1948, Living area: 1720.0, 1 building, 1 storey, Levels: One
Community
Gated
Cooling
WallWindowUnits
Disclosures
RentControl
Heating
WallFurnace
Income
Gross Income: $50,180, Net Operating Income: $19,780
Lot
0.2351 acres
Parking
4 open parking spaces, 4 total parking spaces, Driveway
Security Features
GatedCommunity
Taxes
Parcel Number: 2340034021, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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