Price Reduced Listing
6901 Woodman Avenue,Van Nuys, CA 91405
Van Nuys, CA 91405
Description
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.
Details
| MLS # | 26857399 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 70 |
| Listing Provided By | Marcus & Millichap | Filip Niculete |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.23 |
| Property View | None |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $1,400,000 low | high Med: $2,350,000 On site: 70 low | high Med: 37 | |
Market Activity 91405
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $1,400,000 low | high Med: $2,350,000 On site: 70 low | high Med: 37 | |
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