Lake Balboa, CA91406
3 Bedrooms | 2 baths | 1216 sqft | MLS# SR24198765
Tract:
For Sale $899,000
Description
SB8 APPROVED!! Attention developers and investors! This 3 bedroom, 1 and 3/4 bathroom home, located in a rapidly growing neighborhood, presents an excellent opportunity. For developers looking to expand or rebuild on the large lot, per LA city, the LARD2 zoning can accommodate a total of 4 units. 16647 Victory was sold RTI in July 2023 for $1.075M and is currently being developed into a two-story, four-unit project. For investors, this is a perfect opportunity with ADU potential. The expansive backyard provides plenty of space for outdoor living or future expansions. With the neighborhood experiencing growth and increased demand, it’s a perfect chance to secure a home in an up-and-coming area. Located near Lake Balboa Park, the Sepulveda Dam Recreation Area, Balboa Orange Line Station, Van Nuys Airport, the Van Nuys Golf Course, and LA Valley College, the neighborhood is also easily accessible to major highways like the 101 and 405. Don’t miss out on the endless possibilities this property provides!
Facts
Single Family Residence | Built in 1953 | Lot Size: 6239.00 sqft | HOA Dues: $0/month
Features
Granite Counters,Recessed Lighting
Listing provided by Amanda Debow, Equity Union
Based on information from California Regional Multiple Listing Service, Inc. as of April 23, 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.
