15200 Roscoe Boulevard, Panorama City, CA 91402

Panorama City
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
15200 Roscoe Boulevard,Panorama City (los Angeles), CA 91402
$995,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: eliza kerndian
Office: keller williams beverly hills
MLS#:CL26657303
Source:Bay East, CCAR, bridgeMLS

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 #:CL26657303
  • Added:46 day(s) ago
  • Updated:April 14, 2026 at 02:37 PM

Structure and exterior

  • Lot area:0.17 Acres
  • Architectural Style:Unimproved Land

Finances and disclosures

  • Price:$995,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 14, 2026

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