Entitlement Multifamily Development
For Sale
$9,000,000
5511 Ethel Avenue, Sherman Oaks, CA 91401
In-entitlement 199-unit affordable multifamily development proposed as a six-story stacked design with subterranean and surface parking.
Property Size41,688 SF
Price / SF$215.89
Days on Market306
Property Features for 5511 Ethel Avenue
General Information
Standard status
Active
Size
41,688 SF
Property subtype
Land Lot
Zoning
R1
Amenities
No
Listing Agency:
Marcus & Millichap
(818) 212-2763
Listed By:
Filip Niculete · License #01905352
(818) 212-2763
Source:
Compass
Added: Oct 8, 2025
Changed: Aug 8
Last Checked: Mar 25 at 4:22PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
The property at 5511 Ethel Avenue is presented as a multifamily development opportunity currently in the entitlement process. The proposal calls for a six-story community with an efficient stacked design intended to maximize unit yield and long-term operating efficiency. The project includes a unit mix of 175 one-bedroom units, 14 two-bedroom units, five three-bedroom units, and five studios. Parking is planned with 147 on-site subterranean and 1st floor stalls, even though the development qualifies for no parking requirement.
The site is described as being located near major transit routes with direct access to Ventura Boulevard’s retail and employment centers, and it is noted as adjacent to Los Angeles Valley College (LAVC), a major regional institution. The remarks also describe the area as a Sherman Oaks submarket with limited new supply due to zoning constraints.
As presented, this is a 100% affordable housing development with 199 total units, designed by JZA Architecture. The project benefits from a stated design and entitlement alignment with Executive Directive 1 (ED1) affordable housing requirements.
The site is described as being located near major transit routes with direct access to Ventura Boulevard’s retail and employment centers, and it is noted as adjacent to Los Angeles Valley College (LAVC), a major regional institution. The remarks also describe the area as a Sherman Oaks submarket with limited new supply due to zoning constraints.
As presented, this is a 100% affordable housing development with 199 total units, designed by JZA Architecture. The project benefits from a stated design and entitlement alignment with Executive Directive 1 (ED1) affordable housing requirements.
Key Highlights
- 5511 Ethel Avenue: proposed 199‑unit, 100% affordable multifamily development in‑entitlement with a planned six‑story stacked design.
- Proposed unit mix: 175 one‑bed, 14 two‑bed, five three‑bed, and five studios for a total of 199 units.
- Parking: 147 on‑site subterranean and 1st‑floor parking stalls; development qualifies for no parking requirement.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - In-entitlement 199-unit affordable multifamily development proposed as a six-story stacked design with subterranean and surface parking.
Where is this residential land & home lot located?
The property is located at 5511 Ethel Avenue Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 5511 Ethel Avenue: proposed 199‑unit, 100% affordable multifamily development in‑entitlement with a planned six‑story stacked design.; Proposed unit mix: 175 one‑bed, 14 two‑bed, five three‑bed, and five studios for a total of 199 units.; Parking: 147 on‑site subterranean and 1st‑floor parking stalls; development qualifies for no parking requirement.
