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Lake Balboa Development Opportunity
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16600 Vanowen, Van Nuys, CA 91406

4.32-acre site suitable for residential development in Los Angeles.

Property SizeContact for details
Lot Size4.32 Acres
Days on Market177

Property Features for 16600 Vanowen

General Information

Standard status Active
Lot size 4.32 Acres
Property subtype Land
Zoning R1-1-RIO
Listing Agency: Evanisko Realty & Investment, Inc
Listed By: Frank Evanisko · License #CA 01383591
Source: Crexi
Added: Feb 13 Changed: Aug 8 Last Checked: Jul 16 at 7:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Evanisko Realty & Investment, Inc

Investment Insights

Based on property information with market context.

This 4.32-acre site is located at 16600 Vanowen St. in the Lake Balboa neighborhood of Los Angeles. The flat site has frontage on three streets and is within walking distance of the Sepulveda Basin recreation area. The site is suitable for multiple residential product typologies, from single-family homes to apartments. A Conditional Use Permit (CUP) was approved on October 22, 2025, for a public charter school on APNs 016 and 008. The site qualifies for the Affordable Housing Incentive Program (AHIP) to produce deed-restricted housing. The site qualifies for the Limited State Incentive Table on the AHIP Referral Form because it is in a Low Vehicle Travel Area, which qualifies the site for unlimited density. Development options include subdivision of Small Lot Ordinances (SLO) homes leveraging density bonus and the site’s prevailing zone of RD5. Potential yield is approximately 52 SLO with 5 Very Low Income units using a 35% bonus density, or up to 76 SLO units with 5 Very Low Income and 6 Moderate Income units using stacked 50% density bonuses. The potential yield is over 600 units assuming four stories over garage and an average unit size of approximately 650 square feet, or potentially 400 units. Achieving 76 SLO would still be under 18 dwelling units per acre, which would be a relaxed implementation of SLO houses. This may require recalculation after considering any required street dedication areas. Planning mechanisms required include Vesting Tentative Tract (VTT) and Density Bonus (DB).

Key Highlights

  • 4.32‑acre flat site suitable for multiple residential product typologies.
  • Potential for over 600 units with density bonus programs.
  • Located in a Low Vehicle Travel Area, qualifying for unlimited density.

Property Analytics

Current Use

The Pupusa Lady (Food ... Take-out & Catering Mika's Tennis Academy Sports School www.TennisPro.biz Sports Field & Court

Suggested Use

Top Pick Skin Care Clinic Acupuncture Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bar & Pub Parking Lot & Garage

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

1,526
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 4.32-acre site suitable for residential development in Los Angeles.
Where is this residential land & home lot located?
The property is located at 16600 Vanowen Van Nuys, CA.
What is the asking price?
The asking price for this property is $15,950,000.
What are key features of this property?
This property features: 4.32‑acre flat site suitable for multiple residential product typologies.; Potential for over 600 units with density bonus programs.; Located in a Low Vehicle Travel Area, qualifying for unlimited density.
More about this property
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