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14715 Burbank Blvd
Van Nuys, CA 91411
Land For Sale
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0.40 AC
Investment Highlights
- Shovel-ready, fully entitled site with RTI plans approved for a 91-unit, six-story senior affordable housing community (55+).
- Prime Van Nuys location within the Sepulveda Transit Corridor catchment, 0.7 mi to the I-405 and 1.2 mi to the Metro Orange (G) Line.
- $34,044 per door on a fully approved plan set, eliminating 24-36 months of predevelopment risk and ~$400K–$700K of soft cost exposure.
Executive Summary
Property: A fully entitled, ready-to-issue (RTI) development site approved for a 91-unit, six-story senior affordable housing community (55+) totaling 57,401 SF of residential building area on a 17,553 SF double lot with mid-block frontage on Burbank Boulevard. The approved program consists of 88 one-bedroom, 2 two-bedroom, and 1 studio unit, with one 2-BD reserved as the on-site manager's residence. Construction type is Type I-A concrete podium with Type III-A above on floors 2 through 6, rising to 65 feet, with at-grade ventilated parking (16 stalls, including 3 EVCS and 4 EV-Ready), an interior landscaped courtyard, ground-floor lobby and service spaces, and roof-level community amenities.
Entitlements: Zoned [Q] R3-1 with Density Bonus entitlements at 4.07 FAR. The Density Bonus was secured by incorporating the adjoining alley right-of-way into the development envelope. ED 1 streamlining, density-bonus concessions, and all required City of Los Angeles approvals are in place. Green Building Code approved August 28, 2025. RTI status eliminates an estimated 24-36 months of typical predevelopment timeline and approximately $400K to $700K of soft cost exposure for new ownership.
Affordability: 100% income-restricted to seniors aged 55+ under a 55-year affordability covenant, with rents layered across Extremely Low (30% AMI), Very Low (50% AMI), Low (60% AMI), and Moderate (110% AMI) tiers per LAHD Schedule VI and CTCAC Schedule IX. Annual gross potential rent at delivery is approximately $1,869,108.
Location: Mid-block on Burbank Boulevard, 0.7 miles to the I-405 / Sepulveda Pass and 1.2 miles to the Metro Orange (G) Line at Van Nuys Station. Within the Sepulveda Transit Corridor catchment area (LPA approved January 2026). Walk Score 87. Walking distance to Kaiser Permanente Panorama City, Valley Presbyterian Hospital, Costco, Trader Joe's, Ralphs, and the Sherman Oaks Galleria.
Buyer Profile: Suited to developers and capital partners prepared to assemble a development capital stack and execute against the approved plans. Prospective buyers should independently evaluate eligibility under CTCAC (federal and state Low-Income Housing Tax Credits), Strategic Growth Council AHSC, and LAHD Homes for L.A. ULA NOFA programs.
Process: Offers reviewed on a rolling basis. Tours available by appointment. Full Offering Memorandum, architectural plans, LAHD finalized rent table, and supporting due diligence materials provided upon execution of a confidentiality agreement.
Property Facts
1 Lot Available
Lot
| Price | $3,098,000 | Lot Size | 0.40 AC |
| Price Per AC | $7,688,088.92 |
| Price | $3,098,000 |
| Price Per AC | $7,688,088.92 |
| Lot Size | 0.40 AC |
Double lot totaling 17,553 SF with prime mid-block frontage on Burbank Boulevard and rear alley access. Level, vacant, fully cleared, and shovel-ready. Zoned [Q] R3-1 with Density Bonus entitlements supporting the approved 91-unit program.
Description
First Capital Investment Realty is pleased to exclusively present 14715 W. Burbank Boulevard, a fully entitled, ready-to-issue development site approved for a 91-unit, six-story senior affordable housing community (55+) in the heart of Van Nuys. The approved project comprises 88 one-bedroom units, 2 two-bedroom units, and 1 studio across approximately 57,401 SF of residential building area, with a Type I-A concrete podium and Type III-A construction above, at-grade parking, an interior courtyard, and roof-level community amenities. RTI plans, density-bonus concessions, and ED 1 streamlining are already in place, eliminating 24-36 months of typical predevelopment risk and roughly $400K to $700K in soft-cost exposure for new ownership. The site sits mid-block on Burbank Boulevard, 0.7 miles from the I-405/Sepulveda Pass and 1.2 miles from the Metro Orange (G) Line, positioned within the Sepulveda Transit Corridor catchment and within walking distance of Kaiser Permanente Panorama City, Valley Presbyterian Hospital, and the Sherman Oaks Galleria. At $3,098,000, the basis works out to $34,044 per door on a fully approved plan set.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,148,728 | |
| Land Assessment | $1,254,973 | Total Assessment | $2,403,701 |
Property Taxes
