5511 Ethel Avenue 5511 Ethel Avenue
Sherman Oaks, CA 91401

Situated at 5511 Ethel Avenue in the heart of Sherman Oaks’ San Fernando Valley submarket, this prime 0.96-acre, fee-simple parcel presents a rare, shovel-ready development opportunity. Fully entitled for a 199-unit, 100% affordable multifamily apartment community, the property offers immediate upside for investors and developers targeting California’s most in-demand housing sector. Offered at $9,000,000—approximately $215.26 per buildable square foot—this asset is positioned for strong value creation upon delivery of entitlement and commencement of construction.

Fronting both Ethel Avenue...