16419 Victory Blvd, Van Nuys, CA 91406

Back on market, no fault of sellers. Unlock the potential of this RTI (Ready-to-Issue) development opportunity adjacent to beautiful Lake Balboa. This exceptional offering includes a full set of meticulously designed architectural plans for a 5-unit apartment building, featuring four spacious units plus an Additional Dwelling Unit (ADU). The proposed development includes a total of 6,548 square feet of modern living space on a generous 7,835 square foot lot. The plans also call for a 4-car garage for a convenient and secure parking option as well as alley access for ease of entry and exit. This opportunity is RTI ready. All permits and plans are approved and ready to build, saving you time and hassle. The land comes with detailed and professionally designed architectural plans for optimal functionality and aesthetic appeal. Investors can benefit from no rent control due to new construction. The plans appeal to tenants looking for modern, brand-new living spaces which can easily garner top rental prices. All the heavy lifting has been done, just step in and start building! Photos are renderings based off of the architectural plans.