A 19-acre stretch of land in Valley Village that spent more than 80 years humming with radio transmissions is now on track to become a neighborhood of its own. Los Angeles-based developer Regent Properties has filed formal plans with the city to build 303 for-sale homes at 12755 Burbank Boulevard, the former site of an ABC Radio broadcast facility that sat largely undeveloped for decades while the surrounding streets filled in around it.
According to Urbanize LA, the project calls for traditional single-family homes and townhomes with floor plans ranging from one to five bedrooms, along with parking for 727 vehicles and buildings up to three stories tall. Five percent of the new homes would be reserved for purchase by lower-income households, a set-aside that lets Regent tap California's Density Bonus Law for land-use incentives, as outlined in state Government Code Section 65915. Developers who commit to that inclusionary threshold can secure increased housing density and relief from certain local zoning restrictions in exchange.
A Transmitter Site Frozen in Time for 80 Years
The parcel's decades of vacancy weren't an accident of neglect but a function of its original purpose. The site served for more than 80 years as a high-power radio broadcast transmitter facility, first operating for station KMPC beginning in the 1940s before later becoming an ABC Radio transmitter site, according to the Internet Archive's digitized Radio Annual. Radio transmitter arrays of that era required large surrounding buffers of open space and specialized antenna towers to function without electrical interference, which is why the 836,352-square-foot property remained one of the largest contiguous undeveloped parcels in the East San Fernando Valley even as Valley Village grew dense around it.
That changed in July 2025, when an ABC affiliate sold the land to Regent Properties for a price reported between roughly $72.6 million and $75 million, per Commercial Observer. Commercial real estate firm Newmark represented ABC Radio in the sale, with a capital markets team that included brokers Kevin Shannon, Chris Benton, Anthony Muhlstein, Gabe Munson, Ken White, and Sean O'Leary. The transaction later drew industry recognition when the Los Angeles Business Journal named it Best Land Sale of the Year at its 2026 Commercial Real Estate Awards in February.
Developer Says It Wants to Build a Lasting Community
Sam Kraus, Regent Properties' chief investment officer, said he is excited about the company's investment in the site and the chance for more than 300 families to purchase new homes, per the report. Kraus said Regent aims to create a welcoming and lasting community with homes for families and meaningful open space, and that the firm will work with Council District 2, neighbors, and other stakeholders to shape the project. Kraus himself lives about four miles from the site.
Beyond the homes themselves, the plans include publicly accessible green space open to the surrounding neighborhood and streetscape improvements along Burbank Boulevard. The project still needs approval of its density bonus incentives from the Los Angeles City Planning Commission, and Regent officially submitted its master plan entitlement application to the Los Angeles Department of City Planning on Tuesday, according to a post on the SFV Community subreddit.
Why Valley Village, Why Now
The site sits within Los Angeles City Council District 2, represented by Councilmember Adrin Nazarian, whose office covers roughly 260,065 residents across Valley Village and six other East San Fernando Valley communities including North Hollywood, Studio City, Sun Valley, Toluca Lake, Valley Glen, and Van Nuys, according to the City of Los Angeles Council District 2 Office. That office is expected to play a central role in gathering community input and weighing benefits like the proposed green space and streetscape upgrades as the entitlement process moves forward.
The scale of the project stands out in a region where large master-planned developments are rare. Master-planned residential projects exceeding 10 acres are extremely uncommon in the San Fernando Valley, where new housing has mostly come in the form of multi-family infill buildings along major transit corridors. Regent Properties, founded in 1989 and co-headquartered in Los Angeles and Dallas, describes itself as a vertically integrated real estate investment and operating firm managing commercial and residential assets across the Western United States and the Sunbelt.
For prospective buyers, the timing reflects a tight local housing market. Homes in Valley Village sold for a median price of $1.23 million, or $702 per square foot, in August 2026, well above the citywide Los Angeles median of $929,572, according to Redfin data. Whether the new for-sale homes at 12755 Burbank Boulevard can offer any relief from those prices will likely depend on the outcome of the public review process still ahead.
