15200 Roscoe Boulevard, Panorama City, CA 91402

Panorama City
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
15200 Roscoe Boulevard,Panorama City, CA 91402
$995,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: eliza kerndian
Office: keller williams beverly hills
MLS#:26657303
Source:CRMLS

Price summary

  • Price:$995,000

About this home

Prime R3-1 TOC Tier 2 development site offering rare flexibility for townhome-style, ED1, or multifamily construction. RTI plans are fully approvedstart building immediately on the ED1 plan for 17 affordable housing units (Type VA, approx. 12,915 sq.ft., three stories, no parking required, and no demolition fees). Estimated build cost is approx. $2.1M, with an efficient unit mix of nine 2-bed units and eight 1-bed units. Projected pro forma rents of $34,069/month ($408,828/year) support a potential completed valuation of approx. $5,682,000 (GRM 13.9) and an estimated $2,000,000 profit margin, creating a strong spread between cost and stabilized value. Additional space is available for a leasing/management office or an optional ADU, offering further income potential.For developers pursuing a for-sale strategy, the property also qualifies for SB684, allowing an alternate plan of 10 townhomes + 10 ADUsideal for high-margin individual resale or a rental/resale hybrid. This lot functions

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Home facts

  • Listing ID #:26657303
  • Added:1 day(s) ago
  • Updated:February 27, 2026 at 03:45 AM

Structure and exterior

  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$995,000
Based on information from California Regional Multiple Listing Service, Inc. as of February 27, 2026 . 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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