Entitled Multifamily Development Land
For Sale
$1,599,999
6401 Whitman Ave, Lake Balboa, CA 91406
MULTI_FAMILY - Lake Balboa, CA
Property Size15,111 SF
Lot Size0.14 Acres
Price / SF$105.88
Days on Market11
Property Features for 6401 Whitman Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
LARD1.5
Bedrooms
37
Bathrooms
37
Full bathrooms
1
Rooms
Bedroom 32, Bedroom 20, Bathroom 9, Bathroom 3, Bedroom 4, Bathroom 26, Bedroom 31, Bedroom 15, Bedroom 11, Bathroom 18, Bathroom 31, Bedroom 21, Bedroom 3, Bedroom 6, Bedroom 24, Bedroom 27, Bedroom 33, Bedroom 34, Bathroom 14, Bedroom 28, Bedroom 22, Bedroom 29, Bathroom 10, Bedroom 16, Bedroom 23, Bathroom 13, Bathroom 4, Bathroom 19, Bathroom 28, Bedroom 35, Bathroom 29, Bedroom 10, Bathroom 21, Bedroom 19, Bathroom 23, Bathroom 37, Bedroom 12, Bedroom 7, Bedroom 30, Bathroom 27, Bedroom 2, Bathroom 30, Bathroom 8, Bedroom 36, Bathroom 33, Bathroom 17, Bedroom 17, Bathroom 35, Bedroom 37, Bathroom 2, Bedroom 25, Bedroom 9, Bedroom 14, Bedroom 18, Bathroom 6, Bathroom 5, Bathroom 20, Bedroom 5, Bedroom 13, Bedroom 1, Bathroom 24, Bathroom 7, Bedroom 8, Bathroom 1, Bathroom 16, Bathroom 15, Bathroom 22, Bathroom 25, Bathroom 34, Bathroom 11, Bathroom 32, Bathroom 12, Bathroom 36, Bedroom 26
Directions
Just east of Woodley on Victory, corner property
Subdivision
Lake Balboa
Standard status
Active
APN
2233-006-017
Size
15,111 SF
Lot size
0.14 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
laundry room
outdoor bicycle area
storage
Building Details
Year built
2026
Floors in Building
4
Number of units
37
Listing Agency:
Keller Williams Hollywood Hills · Keller Williams Realty
(310) 623-1300
Listed By:
Daniel Lalezari · License #01949474
(310) 650-4220
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 6 at 1:06PM
MLS# 26864773
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.
This vacant land parcel at 6401 Whitman Ave comes with an RTI (Ready to Issue) permit project for a 37-unit multifamily development. The proposed plan includes a manager’s office that can be converted into a unit, with 19 one-bedroom units and 18 studios. The design is described as a Type V, four-story, fully stacked layout on a corner lot with all wood frame floors.
Per the provided materials, the project includes 15,111 square feet of livable area and 16,780 square feet of buildable area. The plans note laundry rooms on each floor, along with an outdoor bicycle area and storage. The remarks also indicate the project has no parking required.
All details should be verified by the buyer. The property is zoned LARD1.5 and is presented as an ED1 affordable housing project. Access and nearby context referenced in the remarks include proximity across the street to Woodley Park and the Orange Line, as well as closeness to major shopping retailers.
Per the provided materials, the project includes 15,111 square feet of livable area and 16,780 square feet of buildable area. The plans note laundry rooms on each floor, along with an outdoor bicycle area and storage. The remarks also indicate the project has no parking required.
All details should be verified by the buyer. The property is zoned LARD1.5 and is presented as an ED1 affordable housing project. Access and nearby context referenced in the remarks include proximity across the street to Woodley Park and the Orange Line, as well as closeness to major shopping retailers.
Property Analytics
Property Profile
Current Use
Lease Details
37
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,862
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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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant corner lot with RTI-permit plans for 37 affordable multifamily units in a four-story, fully stacked design.
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.
