Listing banner image
  • City
    Van NuysCity
  • Developable Acres
    0.23 acresDevelopable Acres
  • Asking Price
    $1,550,000Asking Price
  • Entitlements
    Yes (Fully Entitled)Entitlements
  • Highest & Best Use
    -Highest & Best Use
  • Zoning
    -Zoning

Description

6901 Woodman Avenue presents a rare opportunity to acquire a fully entitled, .23-acre development parcel in the heart of Van Nuys–North Sherman Oaks. Zoned LAR3 and approved for Affordable Housing execution via ED1, this 10,005-square-foot site benefits from one entitlement package in place and immediate shovel-ready status. The site’s LAR3 zoning allows a density that is ideal for workforce and affordable residential product, positioning the land for high-impact multifamily development.

Offered at $1,550,000 ($154.92 per buildable square foot), the property delivers an attractive in-place...

Documents

Offering Summary

  • Asking Price
    $1,550,000
  • Price PSF
    $154.92

Sale Details

  • Stabilized Cap Rate
    6.24%
  • GRM
    11.20
  • Potential GRM
    10.67
  • In-Place Rents
    2,165
  • Market Rents
    2,271

Documents

Property Address

6901 Woodman Avenue
Van Nuys, CA 91405

Property Details

  • Developable Acres
    0.23
  • Entitlements
    Yes (Fully Entitled)
  • Property Type
    Retail
  • APN
    2216-025-013

Property Details

  • Developable Acres
    0.23
  • Entitlements
    Yes (Fully Entitled)
  • Property Type
    Retail
  • APN
    2216-025-013

Deal Team

Filip Niculete profile image
Filip Niculete
LA Apartment Advisors

Description

6901 Woodman Avenue presents a rare opportunity to acquire a fully entitled, .23-acre development parcel in the heart of Van Nuys–North Sherman Oaks. Zoned LAR3 and approved for Affordable Housing execution via ED1, this 10,005-square-foot site benefits from one entitlement package in place and immediate shovel-ready status. The site’s LAR3 zoning allows a density that is ideal for workforce and affordable residential product, positioning the land for high-impact multifamily development.

Offered at $1,550,000 ($154.92 per buildable square foot), the property delivers an attractive in-place...

Documents

Offering Summary

  • Asking Price
    $1,550,000
  • Price PSF
    $154.92

Sale Details

  • Stabilized Cap Rate
    6.24%
  • GRM
    11.20
  • Potential GRM
    10.67
  • In-Place Rents
    2,165
  • Market Rents
    2,271

Documents

Property Address

6901 Woodman Avenue
Van Nuys, CA 91405

Property Details

  • Developable Acres
    0.23
  • Entitlements
    Yes (Fully Entitled)
  • Property Type
    Retail
  • APN
    2216-025-013

Property Details

  • Developable Acres
    0.23
  • Entitlements
    Yes (Fully Entitled)
  • Property Type
    Retail
  • APN
    2216-025-013

Deal Team

Filip Niculete profile image
Filip Niculete
LA Apartment Advisors
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