(RTI) approvals for 86 units - Approved (RTi) for 86 units with surface parking

Van Nuys, CA 91405

• Investment Property
• Land for Sale
• $5,511,919 CAD
• 1.03 AC Lot

Van Nuys Land for Sale - Eastern SFV

13840 Sherman Way is a rare development-ready opportunity in the heart of the San Fernando Valley. This approximately 1-acre, all-flat site will be delivered with Ready-to-Issue (RTI) approvals for 86 affordable units, surface parking, and Type V (wood-frame) construction. Spanning approximately 44,700 square feet, this offering equates to under $90 per square foot of land. The Type V design is a highly efficient and cost-effective product that is both financially viable and quick to construct. The proposed project will feature a mix of 53 one-bedroom units, 14 two-bedroom units, and 19 studios. On-site amenities will include laundry rooms on every floor, 72 surface-level parking spaces, an elevator, and rooftop access. Of the 86 total units, 67 will be designated for very low-income households, 18 for moderate-income households, and one for the manager. Additionally, there is potential to convert a portion of the open surface parking area into accessory dwelling units (ADUs) in the future. The site is located within a Qualified Census Tract (QCT), offering added opportunities for funding incentives. The entitlements for this development were granted under the Density Bonus & Affordable Housing Incentives Program through a Letter of Compliance, securing approval for affordable housing without reliance on Executive Directive 1 (ED1), a California affordable housing permit. Situated with convenient access from Sherman Way and discreetly positioned behind a duplex that faces the boulevard, this site offers both visibility on a major thoroughfare and a buffer from heavy street activity. Nestled between Woodman Avenue and Hazeltine Avenue, it is less than 2 miles from the Metrolink Station. Designated as a TOC (Transit Oriented Community) Tier 1 location, the area boasts a Very Walkable score. Residents will be surrounded by an array of restaurants, shops, and daily conveniences, including Ralphs Supermarket and Norms Restaurant just half a block away. Finally, Van Nuys, California, continues to experience strong rental demand and long-term housing needs, supported by its proximity to major employment corridors, transit connectivity, and daily retail services along Sherman Way. This ready-to-go opportunity is ideal for a private developer seeking certainty and speed, as it comes with entitlements in hand, reducing entitlement risk, holding time, and carrying costs compared to typical Valley infill deals. The flat, usable acreage enables simpler site logistics, efficient staging, and straightforward grading, resulting in significant time and cost advantages. A full RTI plan and due diligence package are available upon request. Call Chuck Dorfman at Standard Home Realty for pricing, offering guidance, and access to documents.

Contact:

Standard Home Realty

Property Subtype:

Residential

Date on Market:

2025-11-20

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2016 Construction | Upside In Rents - 10455 Magnolia Blvd

North Hollywood, CA 91601

• Investment Property
• Multifamily for Sale
• $12,677,416 CAD
• 23,644 SF

• Air Conditioning
• 24 Hour Access
• Controlled Access
• Kitchen
• Smoke Detector

North Hollywood Multifamily for Sale

The Strohm Building at 10455 W Magnolia Boulevard is a 2016-vintage, elevator-served, 26-unit asset with rooftop amenities in the heart of North Hollywood. Delivered with a March 17, 2016, Certificate of Occupancy and fully sprinklered (in accordance with NFPA-13), the property features modern systems, in-unit laundry, and secured parking. The offering checks every “institutional” box while remaining a manageable, sub-30-unit scale. The asset is unencumbered by rent control or affordability covenants, meaning it is not subject to Los Angeles RSO (Rent Stabilization Ordinance) and exempt from AB 1482 (Tenant Protection Act), through 2031, allowing an investor to implement a market-driven rent strategy without statutory caps. In-place rents are approximately 14% below market across a balanced mix of studios, one-bedroom units with dens, and two-bedroom/two-bathroom plans. The seller plans to increase rents by approximately 5% on eligible units prior to closing. That creates an immediate NOI lift at acquisition and a clear, organic path to stabilization over upcoming lease turns. A straightforward ADU conversion of a portion of the garage/storage area (concept plans provided) would add a two-bedroom unit of between 800 to 850 square feet, targeting roughly $2,600 per month. At a 5% yield, the ADU translates to an estimated $600,000 of value creation, pushing the count from 26 to 27 units and further strengthening per square foot and per-unit metrics. The North Hollywood/Toluca Lake pocket delivers sticky tenant demand. The Strohm Building is walkable to Magnolia retail, proximate to the NoHo Red Line (1.2 miles away), and just minutes from the 170 and 134 Freeways. All while major studios and healthcare anchors underpin long-term occupancy. This is a rare Class A, non-regulated Los Angeles multifamily property with both near-term NOI acceleration (seller increases, plus market catch-up) and structural upside (ADU). The Strohm Building is an ideal stand-out opportunity for buyers seeking durable cash flow with multiple levers to grow value.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-10-09

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• Matterport 3D Tour

Toluca Lake Apartments - 4406 Cahuenga Blvd

Toluca Lake, CA 91602

• Investment Property
• Multifamily for Sale
• $11,368,335 CAD
• 15,868 SF

• Air Conditioning
• 24 Hour Access
• Kitchen
• Smoke Detector

Toluca Lake Multifamily for Sale - Studio/Universal Cities

LA Premier Realty is proud to present a rare and exceptional multifamily investment opportunity in the highly sought-after neighborhood of Toluca Lake, one of Los Angeles’ premier rental submarkets. Toluca Lake Apartments at 4406 Cahuenga Boulevard is a well-maintained 18-unit apartment complex, built in 1986. All units have been fully renovated over the last 4 years, featuring new flooring, stainless steel appliances, quartz countertops, and modern cabinetry. With intuitive floor plans with balconies, fireplaces, abundant natural light, and ample in-unit storage, this residential address is perfect for families of any size. The tenant pays utilities, which keeps operating costs low for ownership. Approved plans are in place for three Accessory Dwelling Units (ADUs). These ADUs aim to repurpose the underutilized storage/spa areas with no impact to the on-site parking. Situated just steps from popular dining, shopping, and entertainment options, and with convenient access to major freeways, this property delivers on both location and performance, making it an outstanding opportunity for savvy investors. This offering is not subject to LA City Rent Control, providing investors with enhanced flexibility for rent growth and long-term value appreciation. Currently operating at a robust 5.2% CAP rate (13.31 GRM), the property also includes three RTI-approved ADU plans, offering immediate upside potential through increased cash flow and additional unit development.

Contact:

LA Premier Realty

Property Subtype:

Apartment

Date on Market:

2026-03-02

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10504 Victory Blvd

North Hollywood, CA 91606

• Investment Property
• Retail for Sale
• $1,984,291 CAD
• 1,722 SF

North Hollywood Retail for Sale

*************Do not disturb nor communicate with attendants working inside the laundromat*************** 10504 Victory Boulevard represents a long-term investment opportunity that offers a chance to own a laundromat with a long-term NNN lease. This sale was originally being offered as just the real estate, but seller is now considering a joint sale with the laundromat business and all equipment included. Buyer would need to have SBA or lender preapproval in advance of submitting offer. Real Estate - $1,440,000. Business - $955,000. Total Sale Price - $2,395,000. This striking laundromat, featured on the hit TV show "The Wonder Years," is a standalone 1,722-square-foot building with midcentury commercial architecture and highly visible signage. The tenant, Laundry Love, provides self-service, wash-and-fold, commercial services, Airbnb client services, and complimentary pick-up and delivery. The business boasts a modern and welcoming atmosphere, flexible payment options, and ample on-site parking. Remodeled three years ago, the property itself now features new electrical panels, copper piping, water heaters, gas lines, LED lighting, and an updated roof with a 20-year warranty. The office space and store underwent a facelift, featuring new subway tile, flat-screen TVs, surveillance systems, and fresh paint. Major revenue generators include 80 laundry machines and a vending machine offering detergent, softener, food, and drink. Additional revenue potential exists with a water station and an outdoor vacuum unit for car washing. Located at a desirable corner off Victory Boulevard and N Clybourn Avenue, with a daily traffic count of 48,66 vehicles, this site has incredible visibility and exposure. 10504 Victory Boulevard is moments away from major retailers and esteemed dining establishments. North Hollywood, California, is a high-density residential area comprising 43.48% of apartments and 76% of residents renting their homes, and a population of over 104,520 people. Don't miss out on an exceptional opportunity to purchase an income-generating commercial opportunity at the border of North Hollywood and Burbank. The billboard is not a part of this real estate, nor is it owned by or related to the same selling entity. Buyers must agree to allow for the sale and assignment of the new business owner should a sale were to occur in the future. The representing broker holds a non-majority interest in both the real estate and the business at this property.

Contact:

Cartozian Associates Real Estate, Inc.

Property Subtype:

Freestanding

Date on Market:

2025-10-08

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367 N Orange Dr

Los Angeles, CA 90036

• Investment Property
• Multifamily for Sale
• $3,024,666 CAD
• 4,662 SF

Los Angeles Multifamily for Sale - West Hollywood

367 N Orange Drive presents a rare corner duplex opportunity in the heart of Hancock Park, blending timeless architectural character with lush garden surroundings and an undeniably warm, home-like atmosphere. The property also includes two smaller rooms and bathrooms above the three garages, offering flexible space for guests, a home office, gym, or future third unit potential. Spanning 4,662 square feet on a 6,998 square foot corner lot, the property is framed by mature landscaping, winding brick pathways, and layered greenery that create a sense of privacy and charm rarely found in multifamily offerings. The exterior carries a storybook quality, where thoughtful landscaping softens the architecture and creates a welcoming sense of arrival from every angle. Inside, the residence is rich in original detail and craftsmanship, featuring warm wood-paneled ceilings, arched transitions, vintage tile work, and thoughtfully preserved interiors that evoke classic California living. Expansive living spaces are filled with natural light and architectural elements that add texture and warmth, while the garden areas and outdoor spaces offer an inviting extension of the interiors. Rather than functioning as a conventional income property, 367 N Orange Drive carries the feeling of a private home, appealing to tenants or owner-users drawn to authenticity, comfort, and design integrity. Its prominent corner positioning further enhances the property's presence and curb appeal within the neighborhood. Located moments from Melrose Avenue and some of Hancock Park's most sought-after dining, retail, and lifestyle destinations, the property benefits from one of Los Angeles' most desirable residential settings. As part of the broader Sycamore Collection portfolio offering, 367 N Orange Drive represents a unique opportunity to acquire one of five distinctive architectural multifamily assets in the heart of Hancock Park. The Sycamore Portfolio is now available for the first time in over 50 years, presenting an exclusive and exceptionally rare opportunity to acquire five architecturally distinctive multifamily properties thoughtfully positioned throughout Hancock Park. Each asset offers strong upside potential, timeless character, and a location within one of Los Angeles' most consistently desirable residential neighborhoods.

Contact:

Compass

Property Subtype:

Apartment

Date on Market:

2026-05-21

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7315 Woodley Avenue - 7315 Woodley Ave

Van Nuys, CA 91406

• Investment Property
• Land for Sale
• $1,095,494 CAD
• 0.15 AC Lot

Van Nuys Land for Sale

INVESTOR / DEVELOPER OPPORTUNITY! Rare R3-1 zoned property in a prime Van Nuys location featuring a charming Spanish-style 2 bedroom, 1 bathroom bungalow with detached garage and additional storage structure. Property offers excellent potential for redevelopment, expansion, or long-term investment. Existing home features an updated bathroom and newer electrical panel, making it ideal to hold as a rental while planning future development. Per seller’s understanding and preliminary information, property may allow for By-Right development of up to 8 units plus 2 detached ADUs and 1 attached ADU. Buyer to independently verify all development potential, zoning, density, ADU guidelines, permits, and usage with the City of Los Angeles Planning and Building Departments. Approximate lot dimensions are 54’ x 120’. Property is connected to water, gas, electricity, sewer, paved streets, curbs, and sidewalks. Conveniently located near the 405 Freeway, Van Nuys Airport, FlyAway Bus Terminal, USPS, shopping, dining, and major employment centers. Excellent opportunity for builders, investors, or buyers looking for future upside in a high-demand rental market.

Contact:

Pinnacle Estate Properties, Inc.

Property Subtype:

Commercial

Date on Market:

2026-05-20

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3443 West Blvd

Los Angeles, CA 90016

• Investment Property
• Multifamily for Sale
• $2,313,628 CAD
• 4,765 SF

Los Angeles Multifamily for Sale - Inglewood/South LA

Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 3443 West Blvd in Los Angeles, California. The subject property is located in a good West Adams location, just north of Exposition Blvd and west of Crenshaw Blvd. Located in a strong West Adams location, 3443 West Blvd features a desirable unit mix of one studio and nine one-bedroom units within a rare turnkey multifamily asset showcasing classic Spanish-style architecture and bungalow-style charm. Most units have been upgraded with modern kitchens, flooring, cabinetry, appliances, fixtures, bathrooms, and major system improvements including electrical and roofing. The property offers approximately 25% rental upside along with potential to add ADUs in the rear. Residents benefit from immediate access to the 10 Freeway, Metro E and K Line stations, major commercial corridors including Jefferson and Crenshaw Boulevards, nearby retail amenities, parks, and new mixed-use developments continuing to drive growth and investment activity throughout the surrounding West Adams submarket. With extensive unit renovations, solid rental upside, ADU potential, and a highly accessible West Adams location near major transit and commercial corridors, this property presents a rare opportunity to acquire a well-positioned multifamily asset in one of Los Angeles’ strongest growth submarkets.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-05-20

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Lender Owned Newly Completed Two-Unit Duplex - 337 6th Ave

Venice, CA 90291

• Investment Property
• Multifamily for Sale
• $5,167,425 CAD
• 7,020 SF

• Bicycle Storage
• Car Charging Station
• Kitchen

Venice Multifamily for Sale

337 6th Avenue is a vacant +/-5,307 net rentable SF two-story multifamily property ideally located in Venice, CA. Total gross square footage is +/-7,020 SF. The unit mix consists of (2) 4-bedroom+den/3.5-bath units. Unit amenities include polished concrete floors, recessed LED lighting, integrated media hookups, wall of glass sliding doors in the dining area, voluminous private quarters lined with light oak flooring and spa-like primary baths. Amenities also include an additional ±1,713 SF of balcony, private rooftop sky lounge and garage space. Additional amenities include private rooftop patio areas, balconies & flexible spaces. Zoned RD1.5, the property sits on a ±6,406 SF lot. There is currently no Certificate of Occupancy on the property. Property is pending the two lot subdivision from the city before CofO can be granted for each single family home. Final utilities for one of the buildings will need to be installed after the subdivision and then certificate will be granted.

Contact:

Lee & Associates

Property Subtype:

Apartment

Date on Market:

2026-05-19

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