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15200 Roscoe Boulevard, 
Panorama City (Los Angeles), CA 91402

$995,000


Bed


Bath


-

Sq Ft


0.17

Acres (Lot)


Land

Active

Listed by

Eliza Kerndian

Keller Williams Beverly Hills

elizakerndian@hotmail.com

Last updated:

February 28, 2026, 03:33 PM

MLS#

CL26657303

Source:

Bay East CCAR bridgeMLS

About This Land

15200 Roscoe Boulevard

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 Ho

Land Facts

Description/Design:

Land

Lot Size (Acres)

0.17

MLS #:

CL26657303

Last Updated:

February 28, 2026, 03:33 PM

Added:

2 day(s) ago


Structure

Structure

Architectural Style:

Unimproved Land


Finances & Disclosures

Finances

Price:

$995,000

MLS Logo
Bay 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 February 28, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.