15200 Roscoe Boulevard, Panorama City, CA 91402

Local realty services provided by:ERA North Orange County Real Estate
15200 Roscoe Boulevard,Panorama City, CA 91402
$1,195,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by:eliza kerndian
Office:keller williams beverly hills
MLS#:25610279
Source:CRMLS

Price summary

  • Price:$1,195,000

About this home

Prime Development Opportunity in Los Angeles!This versatile R3-1 TOC Tier 2 lot offers exceptional potential for investors and developers seeking strong returns and flexibility in one of L.A.'s most active multifamily corridors. Two lucrative development paths are available: build 10 townhomes with 10 ADUs under SB684 for individual resale, or move forward with the (RTI) ED1-approved project to construct 17 affordable housing units ready for immediate execution.The approved Type VA construction plan features a three-story, 12,915 square foot building with no parking requirement, minimizing costs and streamlining construction. The estimated build cost is approximately $2,100,000, with an excellent unit mix of 9 two-bedroom and 8 one-bedroom units. Projected proforma rents total $34,069 per month ($408,828 annually), leading to an estimated completed property value of $5,682,000 (GRM 13.9) and a potential $2,000,000 profit margin.Additional space is available for a leasing or management

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Home facts

  • Listing ID #:25610279
  • Added:1 day(s) ago
  • Updated:October 24, 2025 at 04:41 AM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,195,000
Based on information from California Regional Multiple Listing Service, Inc. as of October 24, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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