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5845 Sepulveda Blvd - 5845 SEPULVEDA BLVD | SHERMAN OAKS 25,582 Acres of Commercial Land in Van Nuys, CA 91411
Investment Highlights
- Prime Sherman Oaks Location – Situated along Sepulveda Boulevard near Ventura Boulevard’s premier dining, retail, and entertainment corridor.
- 80-Unit Apartment Development – Proposed development includes a well-balanced mix of studio, one-bedroom, and two-bedroom units.
- Ground Floor Retail Component – Approximately 2,258 SF of retail space providing street activation and potential additional income.
- RTI Mixed-Use Development – RTI for an 8-story mixed-use multifamily project.
- Future ADU Expansion Potential – Opportunity to add up to 20 additional ADU units post-construction through conversion of interior common areas.
- Transit-Oriented Location – Convenient access to the 101 and 405 freeways, providing connectivity to Studio City, Burbank, Hollywood, and the Westside
Executive Summary
The proposed development program includes a well-balanced unit mix of studio, one-bedroom, and two-bedroom apartments designed to meet strong rental demand within the Sherman Oaks market. The project is planned to include approximately 2,258 square feet of ground-floor commercial space along Sepulveda Boulevard, providing active street frontage and the potential for neighborhood-serving retail.
In addition to the proposed 80-unit development, the project presents a compelling value-add opportunity through the conversion of interior common areas into accessory dwelling units (ADUs), allowing the potential addition of approximately 20 ADUs following completion and issuance of the certificate of occupancy for the base project.
This phased strategy allows a developer to construct and stabilize the 80-unit building and immediately increase density and rental income through ADU conversions after receiving the COO. The opportunity to expand the property to approximately 100 units provides meaningful long-term upside for ownership.
Located along the Sepulveda Boulevard corridor in Sherman Oaks, the property benefits from strong multifamily fundamentals, limited new housing supply, and proximity to Ventura Boulevard’s retail and dining district, major employment centers, and regional transportation corridor. The seller plans on delivering the project with Ready-To-Issue permits along with plans and MEP for the ADU units, providing a developer the opportunity to immediately commence construction of a well-located multifamily asset with additional long-term value creation through ADU expansion.
Property Facts
1 Lot Available
Lot
| Lot Size | 25,582.00 AC |
| Lot Size | 25,582.00 AC |
Prime 25,582 SF Rectangular Lot located on Sepulveda blvd with over 100 SF of street frontage. RTI Mixed Use Building. 80 Units + Retail + Pace 2 design included for 20 additional ADU units.
Description
The property is located along Sepulveda Boulevard in Sherman Oaks, one of the most desirable residential neighborhoods in the San Fernando Valley. The area is known for its strong demographics, high household incomes, and convenient access to major employment centers throughout Los Angeles. Sherman Oaks continues to experience strong rental demand driven by its central location, lifestyle amenities, and limited supply of new multifamily housing. The neighborhood offers immediate proximity to Ventura Boulevard, a major commercial corridor featuring a wide variety of restaurants, retail shops, cafés, fitness studios, and entertainment venues. Ventura Boulevard is widely regarded as one of the Valley’s most active retail and dining destinations and serves as a key amenity hub for residents in the surrounding community. Sherman Oaks also provides excellent regional connectivity with convenient access to the U.S. 101 and Interstate 405 freeways, allowing residents to commute easily to major employment centers including Studio City, Universal City, Burbank, and the greater Los Angeles Westside. This accessibility has made the area particularly attractive to professionals seeking a central location within the Los Angeles metropolitan area. Due to restrictive zoning and a limited number of development sites, new multifamily construction in Sherman Oaks has remained relatively constrained. As a result, newly developed housing in the area continues to benefit from strong rental demand and favorable long-term market fundamentals. Overall, the property is well positioned within one of the San Fernando Valley’s most established and sought-after neighborhoods, offering future residents convenient access to employment centers, transportation corridors, and the lifestyle amenities that make Sherman Oaks a highly desirable place to live.
Property Taxes
| Parcel Number | 2243-001-018 | Improvements Assessment | $1,325,207 CAD |
| Land Assessment | $3,828,378 CAD | Total Assessment | $5,153,586 CAD |
Property Taxes
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5845 Sepulveda Blvd - 5845 SEPULVEDA BLVD | SHERMAN OAKS
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