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Investment Highlights
- RTI – Ready To Issue Permits | Immediate construction start with no entitlement risk.
- Zero Parking Requirement | Maximizes density and construction efficiency.
- Established Residential Neighborhood | Surrounded primarily by single-family housing with limited commercial congestion.
- 55-Unit ED1 Development | Five-story Type V-A wood-frame design.
- Future Metro Rail Proximity | Four blocks from planned Vanowen & Van Nuys Light Rail station.
- Fully Engineered, Code-Compliant Plans | Designed under 2020 LA Building Code & Title 24.
Executive Summary
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.
Property Facts
| Price | $2,145,355 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | ||
| Zoning | LAR3 - Residential | ||
| Price | $2,145,355 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.23 AC |
| Zoning | LAR3 - Residential |
1 Lot Available
Lot
| Price | $2,145,355 CAD | Lot Size | 0.23 AC |
| Price Per AC | $9,490,705.24 CAD |
| Price | $2,145,355 CAD |
| Price Per AC | $9,490,705.24 CAD |
| Lot Size | 0.23 AC |
Marcus & Millichap is proud to present 6901 Woodman Avenue, a 55-unit RTI (Ready-To-Issue) 100% affordable housing development located in Van Nuys within the Van Nuys–North Sherman Oaks Community Plan Area of the City of Los Angeles.
Description
The property at 6901 Woodman Avenue in Van Nuys, California, is a 0.2298-acre parcel zoned LAR3. It is located north of Vanowen Street and south of Sherman Way within the Van Nuys–North Sherman Oaks Community Plan Area. The site has approved plans for a five-story residential building and is situated in a transit-oriented location near future Metro Rail development.
Property Taxes
| Parcel Number | 2216-025-013 | Improvements Assessment | $635,710 CAD |
| Land Assessment | $953,566 CAD | Total Assessment | $1,589,276 CAD |
Property Taxes
Presented by
6901 Woodman Ave
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