USACAPanorama City15200 Roscoe Blvd
15200 Roscoe Blvd | Image 1
New
15200 Roscoe Blvd | Image 2
15200 Roscoe Blvd | Image 3
15200 Roscoe Blvd | Image 4

$995,000

For Sale

7 days ago

15200 Roscoe Blvd, Panorama City, CA

MLS® 26657303

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes 
Days Active 7
Lot Size 0.1704 acres
Approx. Age 
MLS® Number 26657303

Property Address: 15200 Roscoe Blvd, Panorama City, CA, 91402

Average square foot calculated using Size range provided by listing agent.

Description

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 as a true development canvas, offering multiple profitable pathways and full flexibility depending on the builder's preferred business model.Ideally located minutes from Noble Ave Early Education Center, Noble Ave Elementary, Vista Middle School, Panorama High School, Walmart, and Mission Community Hospital, the site provides excellent access to schools, retail, transit, and major employment centers. With strong demand for affordable housing across Los Angeles and multiple incentive programs supporting development, this property presents a rare opportunity to deliver quality housing while achieving strong financial returns.Don't miss this ready-to-build, high-potential project in one of the Valley's most promising multifamily zones. Email or text to receive the full RTI plans and supporting documents.
MLS® Number26657303
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1704
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 26, 2026List Date
$995,000List Price
  • Commute

Commute

Starting Address
Destination Address
15200 Roscoe Blvd, Panorama City, CA

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