Property Detail

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.) 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.