Fully Entitled Multifamily
For Sale
Contact for pricing
Pending
20116 Sherman Way, Los Angeles, CA 91306
Over one acre zoned C2-1VL-RIO, fully entitled for 99 apartments.
Property SizeContact for details
Days on Market122
Property Features for 20116 Sherman Way
General Information
Standard status
Pending
Total Parking Spaces
180
Property subtype
Land, Retail
Zoning
C2-1VL-RIO
Occupancy
100%
Additional Details
Multifamily Units
99
Amenities
Rec room
Business Lounge
Fitness room
Building Details
Stories
4
Listing Agency:
KW Commercial L.A. Brentwood
Listed By:
Tannaz Rahbar · License #TX 00951232
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 12:55AM
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 KW Commercial L.A. Brentwood
Investment Insights
Based on property information with market context.
This fully entitled commercial land opportunity at 20116 Sherman Way, Los Angeles, CA 91306 is approved for a 99-unit apartment community. The approved plans include a courtyard-styled complex featuring a rec room, business lounge, and fitness room. The unit mix is designed as 18 studios, 54 one-bedrooms, and 27 two-bedrooms, including 10 affordable units. Unit sizes are stated to range from 560 to 934 square feet. Architectural design is by Ken Stockton Architects, and a Letter of Determination has been issued by the City of LA for the entitlements. Phase I has been completed and cleared, and all plans and reports are available upon request.
The project is described as a one-level subterranean parking level with one level above grade for parking, plus three additional levels of residential, totaling 180 car parking spaces and 110 bicycle parking stalls. The site is located within 1.5 miles of Warner Center, on the border of Winnetka and Canoga Park. The property is currently 100% occupied, with current GOI listed as approximately $330,000, and it can be delivered vacant by COE.
The project is described as a one-level subterranean parking level with one level above grade for parking, plus three additional levels of residential, totaling 180 car parking spaces and 110 bicycle parking stalls. The site is located within 1.5 miles of Warner Center, on the border of Winnetka and Canoga Park. The property is currently 100% occupied, with current GOI listed as approximately $330,000, and it can be delivered vacant by COE.
Key Highlights
- Over 1 acre commercial land zoned C2‑1VL‑RIO, fully entitled for 99 apartment units
- City of LA Letter of Determination issued for entitlements; plans and reports available upon request
- Unit mix: 18 studios, 54 one‑bedrooms, and 27 two‑bedrooms (560–934 SF)
Property Analytics
Current Use
Lease Details
99
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
Business Placement
Demographics for 91306, CA
46,669
Population
15,176
Households
3.1
Avg Household Size
39
Median Age
31%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
11,112
Density / Sq Mi
$88,958
Median Household Income
$39,524
Median Earnings
$1,909
Median Rent
$719,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Over one acre zoned C2-1VL-RIO, fully entitled for 99 apartments.
Where is this residential land & home lot located?
The property is located at 20116 Sherman Way Los Angeles, CA.
What are key features of this property?
This property features: Over 1 acre commercial land zoned C2‑1VL‑RIO, fully entitled for 99 apartment units; City of LA Letter of Determination issued for entitlements; plans and reports available upon request; Unit mix: 18 studios, 54 one‑bedrooms, and 27 two‑bedrooms (560–934 SF)
