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16600 Vanowen St
Van Nuys, CA 91406
Balboa Courts Development Site · Land For Sale
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4.32 AC
Executive Summary
The flat site boasts frontage on three streets, will not require tenant displacements, and is walking distance to one of Los Angeles’ largest recreation amenities; Sepulveda Basin. The development of multiple residential product typologies are possible on the site from traditional single family to dense forms of deed restricted apartments leveraging state bonus density policy. A CUP was approved on 10/22/25 for public charter school on APNs 016 and 008.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 4.32 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | R1-1 RIO - RD5 Highest Conforming Zone. | ||
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 4.32 AC |
| No. Stories | 1 |
| Zoning | R1-1 RIO - RD5 Highest Conforming Zone. |
1 Lot Available
Lot 691
| Price | $22,197,615 CAD | Lot Size | 4.32 AC |
| Price Per AC | $5,138,336.91 CAD |
| Price | $22,197,615 CAD |
| Price Per AC | $5,138,336.91 CAD |
| Lot Size | 4.32 AC |
Evanisko Realty & Investment, Inc. is pleased to present the opportunity to acquire fee simple interest in 4.32 acres at 16600 Vanowen St. in the Lake Balboa neighborhood of the City of Los Angeles.
Description
Leverage Density Bonus to produce deed restricted housing Yield Potential: Over 600 units assuming four stories over garage and an average unit size of approx. 650 SF. We’d probably envision something more like 400. Planning Mechanisms Required: State Density Bonus. AB1763 – Site qualifies for unlimited density assuming 100% affordable as it falls with in Gov. Code §65915(o) Transit Rich Area which includes being within ½ mile of a High-Quality Transit Corridor (according to Zimas).
Property Taxes
| Parcel Numbers | Improvements Assessment | $451,751 CAD | |
| Land Assessment | $19,674,401 CAD | Total Assessment | $20,126,152 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$19,674,401 CAD
Improvements Assessment
$451,751 CAD
Total Assessment
$20,126,152 CAD
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