Marcus & Millichap is pleased to present 16647 Victory Boulevard, a Ready to Issue “RTI”, development site to build 4 units that will allow the developer to start building as soon as they close escrow.
The project is well-designed and consists of (4) 3 Bed / 2 Bath units. Unlike similar projects, the design also includes an office and recreation room, which will enhance the tenant experience and generate higher rents. The building design is for 2 stories residential with the parking garage on the first floor. Plans call for 3 units on the top floor and 1 unit plus rec room and office on the bottom floor. The project also provides 4 standard, 1 compact and 1 disabled car parking spots as well as 6 bicycle parking spaces.
The project is ideally located across the street from Lake Balboa Park and the Balboa Orange Line Station as well as close to the Van Nuys Airport and Van Nuys Golf Course.
Van Nuys is a neighborhood in the San Fernando Valley region of Los Angeles, California. The San Fernando Valley itself has a population of around 1.862 million people. The Van Nuys neighborhood is known for its residential areas, shopping centers, and the Van Nuys Airport, which is one of the busiest general aviation airports in the world. Some of the popular attractions in Van Nuys include the Japanese Garden, the Valley Municipal Building, and the Sepulveda Dam Recreation Area. The neighborhood is also home to several schools, including Van Nuys High School and Valley College. The neighborhood is easily accessible by car, with major highways like the 101 and 405 running through the area and is also served by the Van Nuys FlyAway bus service to LAX airport.
