Listing Agency: Keller Williams Hollywood Hills · Keller Williams Realty n***@kw.com Show Phone

Listed By: Daniel Lalezari · License #01949474 Show Phone

Added: Sep 8 Changed: Sep 16 Last Checked: Sep 23 at 6:06AM

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MLS# 26985765

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Investment Insights

Based on property information with market context.

Vacant commercial land is offered with a ready-to-issue permit project for a 37-unit affordable housing development. The planned four-story Type V design includes 19 one-bedroom apartments, 18 studios, a manager’s office that may be converted into a residential unit, and 15,111 square feet of livable area within 16,780 square feet of buildable area. Unit plans range from 268 to 338 square feet for studios and 352 to 465 square feet for one-bedroom apartments. The plans do not require parking, and each floor includes laundry facilities, outdoor bicycle space, and storage.

The corner-lot property is located across from Woodley Park and the Metro Orange Line, with freeway access directly opposite the site. Super King and Costco are nearby, while Encino, Sherman Oaks, and Van Nuys are within minutes. The property is identified as being in a TOC Tier 3 area and is zoned LARD1.5.

Key Highlights

• 37‑unit RTI affordable housing project with 19 one‑bedroom units and 18 studios
• Four‑story Type V design with 15,111 square feet of livable area
• 16,780 square feet of buildable area on a 0.1408‑acre vacant corner lot

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Dental Office Barber Shop Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,141

Businesses Nearby

Explore this area Business Placement

Demographics for 91406, CA

53,252

Population

19,650

Households

2.7

Avg Household Size

37

Median Age

29%

College-Educated

77%

High-School Grad

8.1 sq mi

ZIP Area

6,574

Density / Sq Mi

$76,653

Median Household Income

$41,469

Median Earnings

$1,859

Median Rent

$765,000

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Vacant commercial land with RTI plans for a 37-unit affordable housing project in an LARD1.5-zoned area.

Where is this commercial land located?

The property is located at 6401 Whitman Ave Lake Balboa, CA.

What is the asking price?

The asking price for this property is $1,599,999.

What are key features of this property?

This property features: 37‑unit RTI affordable housing project with 19 one‑bedroom units and 18 studios; Four‑story Type V design with 15,111 square feet of livable area; 16,780 square feet of buildable area on a 0.1408‑acre vacant corner lot