Commercial Land for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 91607

Description

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 stories above grade with the potential for an additional 3 to 4 ADUs to be added (Buyer to conduct their own investigations.) Offered at $2,000,000, 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. This project represents an ideal opportunity for a local developer looking to build immediately under the current approvals or to redesign for a potentially higher-density project, capitalizing on the site's prime location and favorable zoning while earning a return to help with property tax and insurance costs. The property's corner location provides excellent visibility and accessibility, while Valley Village's strong rental market fundamentals support robust demand for quality multifamily housing. Investment Highlights: • Approvals secured for 23-unit multifamily project • Highly visible corner lot at Burbank Blvd & Radford Ave • TOC Tier 3, providing 70% density bonus • Opportunity to redesign for higher density or convert 3 or 4 fitness rooms to ADUs • 19 subterranean parking spaces • 0.5 miles to NoHo Arts District Metro Station • Direct access to US-101 and CA-170 • Pre-construction, ready for developer to advance to construction

Market Context

This land in Los Angeles, CA is listed for sale. It has been on the market for 68 days. Compare it against other land listings for sale in Los Angeles, CA — <a href="/search/sale/land/california/los-angeles">view the full market</a>.

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