Entitled Shovel-Ready Multifamily
6401 Whitman Ave Lake Balboa, CA 91406
6401 Whitman Ave, Lake Balboa, CA, 91406
$1,599,999
For Sale
$1,599,999
LAND - Lake Balboa, CA
Property Size15,111 SF
Lot Size0.14 Acres
Price / SF$105.88
Days on Market22
Property Features for 6401 Whitman Ave
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- LARD1.5
- Standard status
- Active
- APN
- 2233-006-017
- Lot size
- 0.14 Acres
Listing Agency
Keller Williams Hollywood Hills
(310) 623-1300
9000 Sunset Blvd. Suite 1100, West Hollywood, CA
Listed by
Daniel Lalezari · License #01949474
(310) 650-4220
Added: Jun 26 Checked: Jul 17 at 9:06 am
MLS# 26852881
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a vacant land parcel presented as shovel-ready with a fully entitled RTI (Ready to Issue) permit project. The plan calls for 37 total units in a Type V, four-story, fully stacked design on a corner lot, using wood frame floors. Unit mix includes a manager’s office that can be converted into a unit, along with studios and one-bedroom layouts. The development design also includes laundry rooms on each floor, outdoor bicycle areas, and storage. The plans indicate no parking is required, which is intended to reduce certain construction costs associated with on-grade parking.
The site is located in Lake Balboa, in the Los Angeles area. Public remarks state the property is directly across from Woodley Park and across from the Orange Line and freeway, with major shopping nearby. The project is also described as being within a TOC Tier 3 area due to its walkability to the Metro/Orange Line.
This offering is positioned for developers, investors, contractors, and builders looking to pull permits and begin construction immediately on an entitled multifamily development. Prospective parties should review the entitlement package, unit mix, and covenant income assumptions during their due diligence, as buyer to verify all items. The property is under zoning stated as LARD1.5.
The site is located in Lake Balboa, in the Los Angeles area. Public remarks state the property is directly across from Woodley Park and across from the Orange Line and freeway, with major shopping nearby. The project is also described as being within a TOC Tier 3 area due to its walkability to the Metro/Orange Line.
This offering is positioned for developers, investors, contractors, and builders looking to pull permits and begin construction immediately on an entitled multifamily development. Prospective parties should review the entitlement package, unit mix, and covenant income assumptions during their due diligence, as buyer to verify all items. The property is under zoning stated as LARD1.5.
Key Highlights
- Fully entitled 37‑unit RTI (Ready to Issue) permit project on a corner lot in Lake Balboa
- Shovel‑ready vacant land with plans permitting immediate construction
- Type V, four‑story fully stacked design; includes 19 studios and 18 one‑bedroom units plus a manager’s office (convertible to a unit)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - Vacant, fully entitled land with an RTI permit project for 37 stacked affordable residences.
Where is this residential land & home lot 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: Fully entitled 37‑unit RTI (Ready to Issue) permit project on a corner lot in Lake Balboa; Shovel‑ready vacant land with plans permitting immediate construction; Type V, four‑story fully stacked design; includes 19 studios and 18 one‑bedroom units plus a manager’s office (convertible to a unit)
