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$1,500,000
26857399 MLS ⋅ Active Status
We are proud to present 6901 Woodman Avenue, a 55-unit RTI (Ready-To-Issue) 100% affordable housing development located in Van Nuys within the Van NuysNorth Sherman Oaks Community Plan Area of the City of Los Angeles.The project is fully RTI, allowing a developer to immediately pull permits and commence construction without additional entitlement exposure. Leveraging the City of Los Angeles' Executive Directive No. 1 (ED1) ministerial approval pathway in combination with Transit Oriented Communities (TOC) incentives, the approved plans achieve a high-density five-story residential development optimized for affordable housing execution.The approved plans call for a five-story Type V-A wood-frame structure with zero on-site parking, maximizing unit efficiency while aligning with current City housing production priorities. The design reflects cost-effective construction fundamentals relative to podium or high-rise alternatives.The building has been engineered under the 2020 City of Los Angeles Building Code and California Title 24 standards, incorporating 3-hour rated structural assemblies, STC-rated separation walls, and full life-safety compliance including NFPA-13 fire sprinklers, standpipe systems, emergency power provisions, and Fire Department access requirements per Los Angeles Fire Code. The fully detailed plans provide construction clarity and reduce technical execution risk for incoming ownership.Unlike many corridor-heavy ED1 sites, 6901 Woodman Avenue is situated within an established residential neighborhood characterized by surrounding multifamily and low-density housing rather than heavy commercial or industrial uses. This residential setting enhances long-term livability, supports tenant stability, and limits direct large-scale development competition.The property is located approximately four blocks from the future Metro Light Rail station at Vanowen Street and Van Nuys Boulevard, part of the East San Fernando Valley Light Rail Transit Project. This planned fixed-rail infrastructure will significantly enhance long-term connectivity throughout the Valley and into the broader Metro system, positioning the site within a publicly funded growth corridor benefiting from sustained transit investment.With RTI status, strong transit fundamentals, and a residential neighborhood setting, 6901 Woodman Avenue represents a rare opportunity to deliver high-density affordable housing with immediate construction readiness in one of the San Fernando Valley's most supply-constrained rental corridors.

6901 Woodman Avenue, Van Nuys
$1,699,000
26757205 MLS ⋅ Active Status
Welcome to this exceptional investment opportunity in the heart of Van Nuys. Situated on a prime corner lot in one of the area's most desirable neighborhoods, this shovel-ready RTI (Ready-To-Issue) development offers approved plans for a stunning 12-unit residential project. Designed with both comfort and profitability in mind, the project features a highly attractive unit mix: nine spacious 3-bedroom, 2-bath residences and three well-appointed 2-bedroom, 2-bath units, totaling over 21,000 square feet of living space. Each unit is generously sized to command strong rental income potential in today's competitive market. The four-story development also includes an expansive 4,312-square-foot garage, providing ample parking to meet tenant demanda key advantage for long-term value and appeal. With approvals in place and no existing structures on site, this is a rare, ready-to-build opportunity that allows investors and developers to move forward immediately. Don't miss your chance to capitalize on a high-yield project in a thriving rental market. This property is two lots that were combined. 6640 Kester and 6634 Kester.

6640 Kester Avenue, Van Nuys
$1,350,000
26663897 MLS ⋅ Active Status
We are pleased to to market for sale a development opportunity at 7222 Tyrone Ave, a fully entitled multifamily development site located in the high rental demand neighborhood of Van Nuys, California. This offering presents a chance for a developer to acquire a project with approvals in place for an 11-unit modern apartment building spanning four stories above grade with 10 market-rate units and 1 unit designated for a Very Low-Income tenant. This 13,333 square foot project will have a unit mix consisting of 6 one-bedroom/one bathroom units, 3 two-bedroom/one-bathroom units, and 1 two-bedroom/two-bathroom units with 10 on-grade parking spaces. The property will be delivered "RTI" and shovel ready at the close of escrow. This 6,750 square foot corner lot near the intersection of Sherman Way and Tyrone Ave is currently a vacant single-family residence. The current approvals encompass a well-designed mix of one-bedroom, two-bedroom, and three-bedroom units complete with on-grade parking. This project represents an ideal opportunity for a local developer looking to build immediately in an area that is deficient in new single-family home construction and boasts a very high rental demand for apartment units. The property's proximity to a major thoroughfare provides excellent accessibility, while strong rental market fundamentals support robust demand for quality multifamily housing in Van Nuys.

7222 Tyrone Avenue, Van Nuys

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.