A development site located at 16647 Victory Boulevard in Van Nuys has recently sold for $1,075,000. The property, situated in the Van Nuys market, is a development site with the potential for future construction.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $1,075,000
• Seller: Javad Valleie
• Brokers: Filip (Fil) Niculete, Glen Scher, and Matt Ziegler - LAAA Team - Marcus & Millichap
• Note from Broker: Near RTI Development in Van Nuys. Sold at Full List Price. Less than 30 Days on Market. List to Close in Under 90 Days. Closed Escrow at $1,075,000. $268,750 per Buildable-Unit. $172.33 per Land-SqFt

Leading the transaction were brokers Filip (Fil) Niculete, Glen Scher, and Matt Ziegler from the LAAA Team at Marcus & Millichap. They successfully closed the deal within a short timeframe, less than 30 days on the market, and managed to sell the property for the full list price of $1,075,000. The transaction progressed smoothly and closed escrow promptly, completing the sale in under 90 days.