Lake Balboa Affordable Housing
6401 Whitman Ave, Lake Balboa, CA 91406
New
- Added:
- May 26, 2026
- Days on Market:
- 4
- Last Refresh:
- May 29 at 2:06 pm
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 agent Daniel Lalezari License #01949474 (310) 650-4220
Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA (310) 623-1300
Listing date May 26, 2026
MLS# 26839047
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.
HighLights
- Fully entitled, RTI (Ready to Issue) permit project, shovel‑ready for immediate construction.
- 100% Affordable ED1 project with 37 units (including potential manager's unit) designed for optimized rental income.
- Located in a high‑demand area of Lake Balboa, directly across from Woodley Park and the Orange Line, offering easy access to major employment hubs, shopping, and transportation.
- Significant cost savings due to Type V construction, fully stacked design, and no parking requirements.
- Projected gross annual income of $905,784 based on current rent schedules, with potential for higher rents through Section 8 vouchers.
- Located in a TOC Tier 3 area, promoting walkability and bike‑friendliness.
Overview
Located at 6401 Whitman, Lake Balboa, this property presents a fully entitled, ready-to-issue permit project suitable for developers, investors, contractors, and builders. The shovel-ready project features 37 units, including a manager's office that can be converted into a unit, comprising 19 one-bedroom units and 18 studios. The design is a Type V, four-story, fully stacked structure with all wood frame floors on a corner lot. The design aims to maximize the number of units while maintaining lower construction costs. Situated in Lake Balboa, the property is near Encino, Sherman Oaks, and Van Nuys, and directly across the street from Woodley Park. It is also located across the street from the Orange Line and the freeway, with shopping options like Super King and Costco nearby. The area is close to employment hubs and offers easy access to Encino. The property is located in a TOC Tier 3 area due to its proximity to the Metro/Orange Line, making it walkable and bike-friendly. The stackable design includes 15,111 square feet of livable area and 16,780 square feet of buildable area, with studios ranging from 268 to 338 square feet and one-bedroom units from 352 to 465 square feet. Each floor includes a laundry room, outdoor bicycle area, and storage. The property is vacant land ready for immediate construction. The plans require no parking, potentially reducing construction costs. The lot size is 0.1408 acres. The zoning is LARD1.5. The project is an affordable ED1 project.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Lake Balboa
- County
- Los Angeles
- State
- California
- Longitude
- -118.476758
- Latitude
- 34.186884
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Ready-to-issue permit project for 37 affordable housing units.
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 $1,749,999.
What are key features of this property?
This property features: Fully entitled, RTI (Ready to Issue) permit project, shovel‑ready for immediate construction.; 100% Affordable ED1 project with **37 units** (including potential manager's unit) designed for optimized rental income.; Located in a high‑demand area of Lake Balboa, directly across from **Woodley Park and the Orange Line**, offering easy access to major employment hubs, shopping, and transportation.
